The SEC's enforcement division has requested S&P hand over a list naming everyone who knew...

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Neil459 Comments (2640)
 
Lies, they want to harass the employees with IRS audits etc. Obama has made a hit list. How dare they tell the truth.
12 Aug 2011, 06:24 PM Reply Like

CRUDE GOLD Comments (369)
 
How come the SEC is so mad? Me think someone, somewhere, wants to indebt the USA much more... Can't be Hussein, I guess...
12 Aug 2011, 06:34 PM Reply Like

Hendershott Comments (1058)
 
Everyone knew about it. They had been telegraphing it for weeks. The only question was the timing of the announcement.
12 Aug 2011, 07:00 PM Reply Like

d_wise_1 Comments (16)
 
yes! and timing is what insider trading is all about my friend!
12 Aug 2011, 07:16 PM Reply Like

Joe Dirnfeld Comments (826)
 
Sure it was leaked, Soros apparently made billions on it too.
12 Aug 2011, 07:43 PM Reply Like

JohnLocke Comments (381)
 
Anyone care to bet on how many convictions this hunt collects....

My bet is ZERO
12 Aug 2011, 08:11 PM Reply Like

Vuke Comments (1487)
 
No, they'll get some guy who bought a hundred bucks worth.
12 Aug 2011, 08:45 PM Reply Like

The Analyst Hub Comments (60)
 
There clearly was an insider trading... Markets started going down and had already fallen below 200DMA even before it was officially announced. This happens a lot in financial world.
12 Aug 2011, 10:15 PM Reply Like

enigmaman Comments (2646)
 
WH sending sending a clear message to S&P via the SEC, good chance less to do with insider trading more to do with Obamadrama
12 Aug 2011, 10:25 PM Reply Like

The Analyst Hub Comments (60)
 
@enigmaman Sure it has more to with Obamadrama. But the fact is there has been insider trading and it always happen.
12 Aug 2011, 10:39 PM Reply Like

Angel Martin Comments (1202)
 
every earnings season there are many cases where there is big option volume ahead of the announcement - the SEC does nothing.

S&P tells "business as usual Washington" it has no clothes and all hell breaks lose.

I bet they appoint a "special prosecutor" next...
13 Aug 2011, 12:31 AM Reply Like