Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Standard And Poor’s (S&P) Being Investigated For Insider Trading

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
Tx4obama Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-14-11 04:47 PM
Original message
Standard And Poor’s (S&P) Being Investigated For Insider Trading
Edited on Sun Aug-14-11 04:48 PM by Tx4obama

The SEC is Investigating S&P for Insider Trading on the Downgrade

The SEC is investigating whether there was any insider trading done by employees of Standard & Poor’s ahead of its credit downgrade of the U.S., the Financial Times reported late last week. The SEC’s examination staff, which oversees credit raters, has asked S&P to disclose who within the company knew about the downgrade before it happened. The commision indicated to FT that it is not aware of a leak from someone within the credit agency or an unusual trade. However, Market Watch reports that regulatory observers were calling for an investigation last week because of heavy trading volumes before the downgrade:

Regulatory observers are focusing, partly, on a heavy trading volume and a major sell off of equity securities at one point on Friday, responding to speculation rampant in the markets that S&P was going to downgrade the U.S. debt later that day. S&P did, in fact, lower the U.S. government’s top-tier credit rating late that day a notch to AA+.

Rest of article here: http://www.theatlanticwire.com/business/2011/08/sec-investigating-sp-insider-trading-us-downgrade/41249/



Printer Friendly | Permalink |  | Top
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-14-11 05:08 PM
Response to Original message
1. By this time next week...
We will not hear anything about it anywhere.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu May 02nd 2024, 12:24 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC