Sen. Frist says acted properly in HCA stock sale

[Rose Siding]

WASHINGTON (Reuters) - Senate Majority Leader Bill Frist said on Tuesday he was cooperating with federal investigators looking into possible insider stock trading, but he would not say whether he has been subpoenaed in the case.
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"I am cooperating fully with the inquiry that is under way," said Frist, a Tennessee Republican and possible 2008 presidential candidate. He added, "I acted properly at every point."

The sales were initiated this spring, according to Frist, and completed just days before HCA's stock price fell sharply on a disappointing July 13 profit outlook.

Last week, sources close to the case said the SEC had subpoenaed Frist's records. Asked on Tuesday whether he had been subpoenaed to answer questions, Frist said it was not appropriate to discuss specifics of the investigation.

Reuters