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Hayden told the Post a SEC official told him the agency was investigating allegations of insider trading.

A Sirius spokesman told the newspaper: "We have no reason to believe this matter involves Sirius or any actions of its officers, directors or employees, and neither Sirius nor any of its officers, directors or employees have received a subpoena in this matter."

An official for the SEC declined comment. A representative for Stern was unavailable for comment, the Post said.
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