Senators Voice Concern on S.E.C. Hedge Fund Case

The chairmen of two Senate committees have written to the head of the Securities and Exchange Commission saying they are troubled by the agency’s handling of accusations that political considerations impeded the investigation of a prominent hedge fund, Pequot Capital Management.
They also told the S.E.C. chairman, Christopher Cox, that agency officials “were seemingly unaware” of important documents and meetings involving its investigation of Pequot.