September 27, 2005
SEC Chairman Cox Recuses Himself From Frist Investigation
After a reminder by Political Money Line that Cox had donated $1,000 to Frist's reelection campaign, Cox recused himself from the SEC's investigation into whether Frist engaged in insider trading when selling his stake in HCA earlier this year. Cox is a former Republican congressmen from California; Frist is the current Republican Majority Leader of the Senate. The SEC investigation is left to the four remaining commissioners, two Republican and two Democrats. Cox's recusal is a reminder that Cox will face a serious of questions over the SEC's regulation of companies and individuals that may have participated in Cox's political campaigns or otherwise joined Cox in his political activities. Frist is in deep political trouble over these stock sales folks.
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