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Frist Cleared in Insider Trading Probe

Posted Apr 27, 2007 11:08 AM CDT
By Debra Cassens Weiss

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Federal prosecutors have cleared former Senate Majority Leader Bill Frist of any wrongdoing in his sale of stock in a hospital chain, the Washington Post reports.

Frist had sold shares in the chain founded by his brother and father days before its stock price fell. E-mails showed he had put the sale in motion months before he became aware of the company’s financial problems.


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