SEC Issues Subpoena To Frist, Sources Say (WaPo)

[Nightwing]

Oh happy day!! Frist getting his ass caught in a ringer makes my day!!
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Senate Majority Leader Bill Frist (R-Tenn.) has been subpoenaed to turn over personal records and documents as federal authorities step up a probe of his July sales of HCA Inc. stock, according to sources familiar with the investigation.

The Securities and Exchange Commission issued the subpoena within the past two weeks, after initial reports that Frist, the Senate's top Republican official, was under scrutiny by the agency and the Justice Department for possible violations of insider trading laws.

<snip>

The Associated Press reported on Tuesday that Frist earned tens of thousands of dollars from HCA stock in a partnership controlled by his brother, outside of the blind trusts he created to avoid a conflict of interest.

"It seems that for years, Frist may have misled his constituents and the American people about his health care industry stock holdings and the conflict of interest they created as he drafted our nation's health care policy," said Democratic National Committee Communications Director Karen Finney. "This deal raises even more questions about the Republican culture of corruption in Washington, D.C."

Link: http://www.washingtonpost.com/wp-dyn/content/article/2005/10/12/AR2005101202286.html

[MadisonProgressive]

1. Mr. Frist

We'd like you to turn over your personal records. Take all the time you need to shred the ones you don't want us to see...

[BurgherHoldtheLies]

2. SEC: These guys/gals don't take 'trust me' for an answer. They verify.

:applause:

[mattclearing]

3. Tell that to Dubya. n/t

[TheFarseer]

4. Nothing short of 5 months in jail

will satisfy me as an outcome to this.

[Nightwing]

5. Agreed

Frist deserves the same punishment as Martha Stewart and nothing less will satisfy me. Not that I'm a Martha Stewart fan but let's see the SEC play fair.

[Gyre]

6. Unless the SEC has remained free of * cronies

this will go nowhere regardless of the evidence. Special Prosecutor anybody?

Gyre