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September 23, 2005

Bill Frist goes all Martha Stewart: Update

Good friend and general PK patronage-r Cengel has been dutifully scolding me for presuming that Senate Majority Leader Bill Frist may have been getting a few inside stock tips.

It would seem the SEC made the same presumption:

The U.S. Securities and Exchange Commission is investigating Senate Majority Leader Bill Frist's order to sell all his of shares of HCA Inc. a month before the price dropped on news of weaker-than-expected earnings, Frist's office said.

The U.S. attorney's office in Manhattan also has subpoenaed HCA documents that the company, the biggest U.S. hospital chain, believes to be related to the Frist stock sales, the company said in a statement.

Cengel did say that if I had any evidence of Frist's wrongdoing I should contact the SEC.

Apparently somebody beat me to it.

(Via PDX Left)

Posted by Carla at September 23, 2005 04:54 PM