SEC Upgrades Frist Investigation

Reuters:

The U.S. Securities and Exchange Commission has given subpoena power to investigators looking into the stock sales by Senate Majority Leader Bill Frist, said sources familiar with the matter on Wednesday.

Moving to protect the Frist inquiry from any future criticism for not being thorough, the SEC changed its status to formal from informal and gave investigators subpoena power to force individuals to talk or to produce documents or e-mails.

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