Senate Committee Hears Two Sides To Pequot Story

Law360, New York (December 5, 2006, 12:00 AM EST) -- U.S. Securities and Exchange Commission officials engaged in a war of words on Tuesday, arguing over whether or not the insider-trading probe of hedge fund Pequot Capital Management had been halted as a result of political connections.

On one side was former SEC attorney Gary Aguirre, who has said he was fired for wanting to subpoena John Mack, the chief executive of Morgan Stanley who was then at the helm of Credit Suisse First Boston, for possibly tipping off Pequot about General Electric Co.’s impending acquisition...
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