Ted Kennedy Jr.’s former co. being probed by SEC

Ted Kennedy Jr. says his former company is cooperating fully in an SEC investigation into allegations of insider trading.

The Marwood Group, a health care-focused consulting firm co-founded by Kennedy, received notice from the Securities and Exchange Commission this week that it will be charged with civil insider trading, Fox Business Network reported yesterday. The investigation has focused on alleged government information passed on to Marwood clients in 2010 about a new prostate-cancer treatment.

Kennedy, 53, the son of the late U.S. Sen. Edward M. Kennedy, was elected in November to Connecticut's Legislature. He served as president of Marwood for 12 years before leaving in January. He announced his candidacy for the state Senate in April.

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