Senate Majority Leader Bill Frist (R-Tenn.) produced evidence which appears to exonerate him of any wrongdoing in the sale of his HCA stock in June. Last week, the SEC announced that it would investigate possible insider trading surrounding trades by Frist and HCA executives. Late Friday, Frist turned over an email which confirms that he began the process of divesting his shares several months earlier.
- see this story from The Washington Post
PLUS: The heat is still on other HCA executives, however. The SEC will examine HCA President Richard Bracken's sale of 150,000 shares at the same time. Article