To: Thomas A Watson who wrote (704959 ) 9/29/2005 5:47:15 PM From: Mr. Palau Respond to of 769670 Just keeps getting better. Mark your calendar, Twatson, this is an historic week. "HCA says SEC upgrades Frist stock probe ReutersReuters Sep 29, 2005 — WASHINGTON (Reuters) - Securities regulators have issued a formal order of investigation in a probe of trading in the shares of hospital operator HCA Inc., the company said on Thursday. On Wednesday, sources familiar with the matter said the Securities and Exchange Commission has changed its probe of HCA share sales by Senate Majority Leader Bill Frist to formal status from informal, granting investigators subpoena power. "The company intends to fully cooperate in this matter," Nashville, Tennessee-based HCA said in a statement. Top Stories * Roberts Takes Oath As Chief Justice * Probe of New Orleans Police Conduct Begins * Hostage Speaks About Ordeal An SEC spokesman declined to comment. Authorities are looking into Frist's recent sale of shares in HCA — co-founded by the Tennessee Republican's father and brother — in transactions completed just days before HCA's stock price fell on a disappointing July 13 profit outlook. By granting subpoena power to investigators, the SEC was moving to obtain telephone and brokerage records often key to insider trading probes, lawyers said. HCA said last week it had received a subpoena from the federal prosecutor for the Southern District of New York, seeking documents believed to be related to the Frist matter. Frist — viewed widely as a potential 2008 presidential candidate — said on Monday he had no inside information about the coming profit forecast when he began taking steps in April that led to his HCA stock sale, which was completed on July 8. The wealthy surgeon-turned-politician also said he would cooperate with investigators. He forecast that an examination of the facts would show he acted properly. Copyright 2005 Reuters News Service. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed."