Hedge Funds

SEC reportedly examining Pequot for insider trading


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 to know whether some of Pequot's profits