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SEC Subpoenas Frist’s Financial Records

HeadlineOct 13, 2005

The Securities and Exchange Commission has subpoenaed Senate Majority Leader Dr. Bill Frist to hand over personal financial records related to his recent sale of stock in his family’s company HCA, the Hospital Corporation of America. The SEC is investigating whether Frist violated insider trader laws when he sold off HCA stock shortly before the company’s stock value fell. HCA is the largest private hospital corporation in the country.

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