Monday, October 9, 2006

Hedge Fund Escapes Charges -

For all of the commotion and controversy that went on regarding the investigation, the Washington Post is reporting that the SEC staff will recommend that the agency not pursue insider trading charges against $7 billion hedge fund Pequot Capital Management Inc., its management team, and former chairman John J. Mack.

How much press time will this get? A hedge fund does nothing wrong, Mack does nothing wrong, and the press will let it go by, unnoticed.
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