Wall Street Folly

Pequot victory: CNBC reported Pequot is cleared of any wrongdoing by SEC

CNBC's Charlie Gasparino reported that the SEC won't be recommending any charges against Pequot Capital.  They've been cleared of any wrongdoing in connection with the GE/Heller Financial deal and on about two dozen other deals.

Winners: Pequot, Art Samberg

Losers: New York Times -- for making an unsubstantiated story front page news -- and fired SEC whistleblower Gary Aguirre who failed to deliver the goods with any real evidence.

John Mack claims no knowledge of Heller deal

According to a Bloomberg report, Morgan Stanley CEO John Mack poured cold water all over SEC whistleblower Gary Aguirre's claims that Mack passed inside information to Pequot Capital. He is said to have told the SEC during his testimony that he had no advance knowledge of the Heller acquisition, the subject of his alleged leak.

High Stakes game: Pequot Capital bean counter makes it to the World Series of Poker

Brian Fidler, an accountant with Pequot Capital, has a seat at a very big poker game.  In April, the 27 year old Fidler won an internet poker contest at fullcontactpoker.com -- he won a year's worth of lessons from the legendary Daniel Negreanu.  And also part of the prize package: a $10,000 seat at the World Series of Poker in Las Vegas where the winner walks away with a $10 million prize....

More on John Mack's upcoming chat with the SEC

In a statement e-mailed to the Wall Street Journal, Morgan Stanley confirmed that John Mack has agreed to be interviewed by the SEC, although there is no date yet set.  However, it's expected that it will happen in the next few weeks.

"He is happy to meet with the commission staff, and he welcomes the opportunity to put to rest any issues surrounding this matter".

SEC to Interview John Mack As Part of Insider-Trading Probe - Wall Street Journal

CNBC is reporting that John Mack will give SEC testimony

CNBC's Charlie Gasparino is reporting that John Mack will give the SEC testimony that was originally sought during the ultimately quashed Gary Aguirre investigation of Pequot Capital.

SEC Whistle blower Gary Aguirre Sues SEC

Where's the beef? Weeks after his testimony we're still waiting for the evidence:  SEC Whistle-blower Gary Aguirre filed a lawsuit on Friday against the SEC in the U.S. District Court for the District of Columbia to try to get access to files related to his insider trading investigation into Pequot Capital Management that was ended for what he claims were political reasons....

CNBC, are you there? Aguirre is testifying

How embarrassing for CNBC:  SEC whistleblower Gary Aguirre, arguably the most compelling witness at today's Senate Judiciary hearing is testifying away, and what does CNBC have on?  Not Gary Aguirre.  Bloomberg is carrying it live.

SEC whistleblower Gary Aguirre ordered to return documents

It sounds like Gary Aguirre, who'll be testifying before the Senate Judiciary Committee on Wednesday, may himself be in some hot water if he has SEC property in his possession that he shouldn't have taken with him when he left the SEC.  That includes documents, tapes, depositions, etc.   The SEC wants it all back, or he'll be smacked him with legal penalties....

Gary Aguirre Senate Judiciary Committee testimony

Here's the Senate Judiciary Committee speech text from SEC whisteleblower Gary Aguirre:

Pequot Investigation: Skepticism

Check out an excellent post from Jeff Matthews on the Pequot "so-called news".  He's skeptical that there's much meat on the bone -- or any at all -- in New York Times' elevated-to-the-front-page story.  He takes aim at both the story and the Times' coverage.  We totally agree. Sadly, even with only the slim evidence that was provided, it's provided more kindling to the Washington witch hunt types who seem to be hell bent on branding hedge funds as the root of all evil.

If you haven't yet seen the text of the letters that fired SEC whisleblower Gary Aguirre sent to SEC chairman Christopher Cox and Senators Hagel and Dodd...