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More Questions About Bill Frist’s Sale of HCA Stock

HeadlineOct 12, 2005

Meanwhile Senate Majority Leader Bill Frist’s private financial dealings are back in the news. The Associated Press reports Frist earned tens of thousands of dollars from stock in HCA, the family-founded hospital chain largely controlled by his brother. Earlier this month the Securities and Exchange Commission began investigating whether Frist engaged in insider trading by selling off stocks in HCA. The nonpartisan Foundation for Taxpayer and Consumer Rights estimates that Frist made between $2 million and $6 million by selling his HCA holdings just before stock values plummeted in the face of a bad earnings report.

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