Two Republican senators blast SEC over Pequot probe

02/1/2007 | · Forbes

Two senior Republican legislators took to the Senate floor to again raise concerns about how the SEC handled an inquiry into alleged insider trading at Pequot Capital Management. Sen. Arlen Specter of Pennsylvania and Sen. Charles Grassley of Iowa said their statements reflected the findings of an interim report, expected to be released today, which said the SEC failed to investigate leads into wrongdoing and instead terminated an SEC investigator who complained.

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