Frist won't be charged in stock sale

[a kennedy]

WASHINGTON (AP) — The Securities and Exchange Commission has decided not to file insider-trading charges against former Senate Majority Leader Bill Frist in connection with the sales of stock in the hospital chain his family owns, The Washington Post reported Friday.

An 18-month investigation by the SEC staff and the U.S. attorney in the Southern District of New York ended without action against the Tennessee Republican, the Post reported.

Frist had a formal interview with Justice Department and SEC lawyers to address the stock sales in late January, the Post reported, citing unidentified sources.

In a statement, Frist said he had "acted properly" and that his only reason for selling HCA Inc. stock in his trust accounts was to "eliminate the appearance of a conflict of interest."

Frist spokesman Matt Lehigh said the doctor would not comment beyond the statement.

http://www.usatoday.com/money/markets/2007-04-27-frist-stock_N.htm

[bahrbearian]

1. Its OK if your Republican,,, Wonder what Martha is thinking.

[MADem]

2. Just like George Bush was not charged with that HARKEN ENERGY stunt.

They take care of their own, don't they?

[Graybeard]

3. Every nook and cranny of this government is corrupted...

...or dismantled or made impotent. Impeach now!

[marmar]

4. I'm sure it was a complete, thorough and non-politicized SEC investigation....

Right? :shrug:

[Tyler Durden]

5. Future generations will look on our times with disgust and dismay...

...or not.

Guess it depends on who wins in the end.


Resistance is futile.

[whistle]

6. Martha Stewart went to prison over the very similar crime

[spanone]

7. Ah, but Martha wasn't Bill Frist, egomaniac former Senator.

:sarcasm:

[valerief]

8. Cronyism at its finest. nt

[Javaman]

9. Move along nothing to see here, just the usual cronyism.

thick as thieves.

[MiniMe]

10. Hmmmm, wonder if that is how the US Attorney kept his job

Just sayin'