Tuesday, September 27, 2005

SEC chief recuses self from Frist stock probe

"The purpose of the recusal is to avoid any appearance of impropriety in the commission's consideration of this case," said the former Republican congressman from California who took the helm just last month at the investor protection agency.
Cox's campaign committee donated $1,000 to Frist's 2000 re-election campaign, according to
Federal Election Commission records made available by PoliticalMoneyLine, a non-partisan group that tracks money in politics.
Cox's statement did not mention the 2000 donation. Legal experts said a donation of that size to a multimillion-dollar campaign like Frist's probably would not require recusal.

No comments: