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SEC subpoenas Frist in stock probe: reports

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SEC subpoenas Frist in stock probe: reports
Topic: Politics and Law 1:52 pm EDT, Oct 13, 2005

Authorities are looking into Frist's recent sale of shares of hospital operator HCA Inc., co-founded by Frist's father and brother. The sales took place just days before HCA's stock price fell on a disappointing July 13 profit outlook.
...

"An examination of the facts will demonstrate that Senator Frist acted properly. His only objective in selling the stock was to eliminate the appearance of a conflict of interest," Stevenson said.

Now I don't mean to be a nitpicker, but Frist was elected to the Senate in 1994. If his "reason" were valid, maybe he would have sold the stock, oh I don't know, ANYTIME IN THE PRECEDING 11 YEARS???

Go to Jail. Go directly to Jail. Do not pass Go, do not collect your margin payoff.

SEC subpoenas Frist in stock probe: reports



 
 
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