The U.S. Securities and Exchange Commission is reportedly
examining Art Samberg's Pequot Capital Management for possible
insider trading, according to The New York Times.
No charges have been filed against Pequot, and the firm has
denied any wrongdoing. The SEC declined to comment.
The newspaper reports that the lawyer who was leading
the SEC investigation told Congress that Pequot's trading had
aroused suspicion among stock exchange officials, who referred
18 cases to the agency for further investigation.
Relying on a letter written by this SEC lawyer, the
newspaper reports that the SEC wanted...