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Senators say SEC mishandled Pequot probe

February 02, 2007  



Two senior senators said this week that the U.S. Securities and Exchange Commission mishandled its inquiry into possible insider trading by $7.3 billion Pequot Capital Management.

Senator Arlen Specter (R-Pa.), ranking member of the Senate Judiciary Committee, and Senator Charles Grassley (R-Iowa), ranking member of the Senate Finance Committee, accused the SEC of lax oversight in its 2005 investigation into Pequot,...

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