SEC (not) Investigating PE Firms

Earlier today, the Associated Press ran a story that began as follows: “The Securities and Exchange Commission… has sent hedge funds and private equity firms a detailed list of questions intended to ferret out employees and clients who would be in a position to acquire and pass along inside corporate information to managers of the investment vehicles.”

Then, two hours later, AP ammended its story to completely omit any mention of private equity firms. All that’s left are the hedge funds (you can read it here). And, since peHUB doesn’t do hedgies, that’s all we’ve got to say about that…

Oh, except that any thorough insider trading probe should also investigate investment banks and (yes) private equity firms. Yup, now we’re done.