SEC May Charge Samberg, Pequot For Insider Trading

Law360, New York (August 12, 2009, 10:11 PM EDT) -- The U.S. Securities and Exchange Commission has reportedly informed former hedge fund manager Arthur Samberg that it is prepared to charge him and his firm with insider trading.

Samberg and the firm he founded, Pequot Capital Management Inc., received so-called Wells notices about six weeks ago indicating they would be charged in civil injunctive actions, the Wall Street Journal and Reuters reported, citing unnamed sources familiar with the matter.

At issue is Pequot's 2001 trading in Microsoft Corp. stock, according to a letter to investors dated...
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