2 Senators Renew Attacks on S.E.C. Hedge Fund Investigation
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Two Republican senators said the S.E.C. failed to follow up on leads in its investigation of Pequot Capital Management.
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Description: Two high-powered Republican lobbyists face a Senate hearing on their alleged efforts to defraud a wealthy Texas Indian tribe.
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Lavishness is being replaced by caution at hedge funds due to the recent turmoil in the markets and calls from Capitol Hill to increase taxes on the industry.
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At least two more states are investigating charges of bid-rigging in the US insurance industry brought by New York Attorney General Eliot Spitzer last week.
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A senior Democrat said yesterday that if Congress tried to raise taxes on U S private equity firms and hedge funds, it must do the same with other partnerships involving oil, real estate, and venture capital.
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The S.E.C. mishandled its inquiry into suspect trades by Pequot Capital Management, then may have tried to cover up its mistakes, a Senate report said.
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Presidential politics and partisan resentments reached a boil in the Senate Wednesday night, as a heated exchange between Sens. Barack Obama and Lindsey Graham erupted on the chamber floor and continued in a nearby corridor.
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Two senior senators said that an official review has raised serious questions about the Securities and Exchange Commission's handling of an insider-trading investigation and the possibility of a cover-up.
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WASHINGTON - Executives from major credit rating agencies were accused yesterday by senators of being hampered by conflicts of interest that may have contributed to the worldwide mortgage market turmoil.
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While on a tour highlighting poverty this week, Democratic presidential candidate John Edwards faced more questions about whether his focus on the issue was undermined by, among other things, his work at a hedge fund and his $6 million house. A closer look at his campaign finance reports reveals...
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ATLANTA -- The three candidates vying to be Georgia&#39;s next senator clashed Sunday morning over homeland security, campaign advertising and taxes during one of their last joint appearance before Tuesday&#39;s election.
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By Tom Searls, The Charleston Gazette, W.Va.  Sep. 23--Senators could decide by Monday whether to force chemical companies to take further security measures under an amendment offered by U.S. Sens. Robert C. Byrd and Jay Rockefeller, both D-W.Va.
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The reputations of two business titans â Warren E. Buffett and Maurice R. Greenberg â came under attack on in the latest corporate corruption trial.
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Hedge funds are notoriously reticent in part because the government requires them to be. But some of them want to speak up.
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Under pressure to defend a series of actions that critics call harmful to investors, the Securities and Exchange Commission chairman began a congressional oversight hearing yesterday by exchanging a handshake with a Massachusetts Democrat and a pat on the back with a Georgia Republican.
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South Carolina Democratic US Senate candidate Inez Tenenbaum accused Republican opponent Rep. Jim DeMint of patronizing her by saying she doesn&#39;t understand key national issues during a fiery televised debate Sunday.
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After months of focusing on ethics and Bush administration policies, New Jersey's two U.S. Senate hopefuls faced a podium-to-podium debate on Saturday.