Pequot Says It Is Off The Hook

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The allegations againnst Pequot were pretty explosive. But now it seems that once again the SEC has decided not to pursue a deeper investigation after reviewing the evidence collected so far.

Hedge fund Pequot Capital Management said on Thursday that the U.S. Securities and Exchange Commission had informed it that the regulator will not recommend enforcement action against the fund or its employees.
Pequot said in a letter addressed to clients and friends that the SEC had not closed the matter but that its staff had informed Pequot that no enforcement action would be taken.


Pequot says SEC will not recommend enforcement action
[Reuters]

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