Hedge Funds Politics & Regulation

SEC reopens Pequot insider trading investigation

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It’s déjà vu for Art Samberg’s Pequot Capital Management, and not in a good way. More than two years after the U.S. Securities and Exchange Commission ended an investigation into possible insider trading of shares of Microsoft by the firm, the regulator is said to once again be investigating that possibility.

The investigation revolves around e-mails between former Microsoft employee David Zikha and Samberg in the summer of 2001, when Zikha was being recruited to join Pequot. The SEC was concerned that Zikha might have shared insider information about Microsoft with Samberg, whose firm made over $2 million trading