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Chamber of Commerce President faces conflict-of-interest investigation

As president of the U.S. Chamber of Commerce, he has long been “hard” on federal regulation, but now he faces it personally. For 12 years, he has been a board member of Sunrise Senior Living, a living facility designed for Senior Citizens. Sunrise Senior Living is a publicly traded company being probed by the Securities and Exchange Commission (SEC). Sunrise co-founder started as the Chamber of Commerce president’s driver while still in college and later became a Chamber speechwriter. Recently, the SEC began in inquiry into an allegation that this president and other insiders may have improperly cashed $32 million in stock options before Sunrise in May announced an accounting problem that caused its stock to drop.

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