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SEC Investigates Frist

HeadlineSep 23, 2005

A spokesperson for Senate Majority Leader Bill Frist said Thursday that the Securities and Exchange Commission had contacted Frist’s office about the sale in June of his shares in HCA, the giant hospital company founded by his family. The SEC contacted Frist after The Tennessean newspaper raised questions this week about the profitable timing of the sale. There has been much speculation about whether Frist engaged in insider trading.

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