S.E.C. Inquiry on Hedge Fund Draws Scrutiny | OSTK Message Board Posts


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Msg  1944 of 44360  at  10/21/2006 2:59:41 PM  by

soldhibotlo


 In response to msg 1942 by  
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Re: S.E.C. Inquiry on Hedge Fund Draws Scrutiny

In the Pequot case, senators are examining how the S.E.C. handled a total of 18 referrals. In addition to the Heller deal, they include an investigation involving federal prosecutors into whether the hedge fund bought Microsoft options based on inside information. E-mails show that Mr. Samberg solicited information about the software companys financial performance from a Microsoft manager he was recruiting shortly before Pequot invested in the company.

I shouldnt say this, but you have probably paid for yourself already! Mr. Samberg wrote to the former Microsoft manager as he was preparing to join Pequot in 2001.

None of the 18 referrals, including the one involving Microsoft, led to an enforcement action, according to people briefed on the matter.


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