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The Securities and Exchange Commission”s investigation into Pequot Capital Management, the once-giant hedge fund, did not exactly go smoothly for the agency, and the Pequot saga reached a new low for the SEC Tuesday: The agency has agreed to pay a former staff attorney, Gary Aguirre, $755,000 to settle Aguirre’s claims that the agency wrongly fired him in retaliation for his complaints that higher-ups were botching the Pequot case in 2005 and 2006, according to court records and The New York Times.

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