Monday, October 23, 2006

S.E.C. Inquiry on Hedge Fund Draws Scrutiny

Two Senate committees -- Finance and Judiciary -- are investigating how diligently the Securities and Exchange Commission pursued its inquiry into insider trading by Pequot Capital Management, a prominent hedge fund, and whether senior S.E.C. officials gave special treatment to John J. Mack by not taking his testimony when an investigator wanted to, The New York Times reported.

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