Frist sale of stocks focus of SEC probe -- The Washington Times

Frist sale of stocks focus of SEC probe -- The Washington Times: "Frist sale of stocks focus of SEC probe
Published September 24, 2005
ASSOCIATED PRESS
The Securities and Exchange Commission and federal prosecutors are investigating Senate Majority Leader Bill Frist's sale of stock in HCA Inc., the hospital operating company founded by his family.
In a statement released yesterday, the Nashville, Tenn.-based company said federal prosecutors for the Southern District of New York issued a subpoena for documents that HCA thinks are related to the senator's sale of its stock.
Mr. Frist's office confirmed the SEC is looking into the sale.
The SEC also contacted HCA yesterday to informally request copies of the subpoenaed documents, HCA spokesman Jeff Prescott said. 'We, of course, will comply with that request.'
Mr. Frist, a Tennessee Republican, traded using only public information and only to eliminate the appearance of a conflict of interest, Frist spokesman Bob Stevenson said in e-mail yesterday.
'Not surprisingly, the Securities and Exchange Commission contacted Senator Frist's office after the story appeared in the press about the sale of his Hospital Corporation of America stock,' Mr. Stevenson said. 'The majority leader will provide the SEC any information that it needs with respect to this matter.' " (more click on link above)