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Texas Hotelier Monty Bennett's Companies Under SEC Investigation

The Securities and Exchange Commission is investigating companies affiliated with Texas hotelier Monty Bennett, whose companies were among the biggest recipients of federal government bailout money.

Ashford Hospitality Trust Inc., a hotel owner affiliated with Mr. Bennett, said in its quarterly earnings report that the SEC sent an “administrative subpoena” requesting documents and information in June, according to a Monday public securities filings.

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