insider trading

Frist "Cleared" of HCA Insider-Trading Charges

Fri, 04/27/2007 - 9:46am — admin2 (not verified)

So the Nashville Tennessean tells us today

Ending an investigation that clouded the tenure of former Senate Majority Leader Bill Frist, federal prosecutors have decided not to file insider-trading charges against the Tennessee Republican for his sales of stock in a family-owned chain of hospitals.

The U.S. attorney in the Southern District of New York and Securities and Exchange Commission staff last week sent Frist letters signaling that they had closed their joint, 18-month investigation. The letters essentially cleared him of wrongdoing.

Well, whew! Of course the US attorney is a highly respected office, impartially enforcing the law without regard to fear, favor or political affiliation, right?

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