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

The SEC's enforcement division has requested S&P hand over a list naming everyone who knew about the ratings agency's pending downgrade of U.S. credit prior to its announcement. Regulators are probing to see whether insider trading might possibly have taken place.
Comments (11)
  • 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
  • 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
  • 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
  • yes! and timing is what insider trading is all about my friend!
    12 Aug 2011, 07:16 PM Reply Like
  • Sure it was leaked, Soros apparently made billions on it too.
    12 Aug 2011, 07:43 PM Reply Like
  • Anyone care to bet on how many convictions this hunt collects....

     

    My bet is ZERO
    12 Aug 2011, 08:11 PM Reply Like
  • No, they'll get some guy who bought a hundred bucks worth.
    12 Aug 2011, 08:45 PM Reply Like
  • 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
  • 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
  • @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
  • 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
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