Grassley Slams SEC For Slow Pequot Response

Law360, New York (August 23, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission did not respond quickly enough to concerns about its probe into hedge fund Pequot Capital Management expressed by the Senate Finance Committee, according to a letter sent to the SEC by committee Chairman Charles Grassley.

In a letter sent to SEC Chairman Christopher Cox, Grassley blasted the Commission for not providing the documents and interviews he and fellow committee member Arlen Spector had requested in an Aug. 2 letter.

Although the SEC responded to the Aug. 2 request, the agency...
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