Frist Cleared in Insider Trading Probe

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.

We welcome your comments, but please adhere to our comment policy and the ABA Code of Conduct.

Commenting is not available in this channel entry.