Two senators on Wednesday called on the Securities and Exchange Commission to re-open its investigation into alleged insider trading in a case involving a large hedge fund and an investment banking executive.
Sens. Charles Grassley, R-Iowa, and Arlen Specter, R-Pa., released an interim report arguing that the SEC gave Morgan Stanley chief executive John Mack special treatment during a probe of insider trading at Westport, Conn.-based Pequot Capital Management Inc., which runs $7 billion in hedge funds.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]