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Senators Raise Concerns Over SEC Hedge Fund Probe

Law360 (August 15, 2006, 12:00 AM EDT) -- The chairmen of two Senate committees have reportedly sent U.S. Securities and Exchange Commission Chairman Christopher Cox a letter criticizing the agency over how it has dealt with allegations that political concerns compromised the review of a well-known hedge fund.

Sen. Arlen Specter, chairman of the Senate Judiciary Committee, and Sen. Charles E. Grassley, chairman of the Finance Committee, wrote in a letter dated Aug. 2 that the SEC and its inspector general had provided Senate investigators with information regarding the Pequot Capital Management case that...
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