Friday, August 12, 2011

SEC Investigating S&P On Insider Trading Issues

According to a short piece from Reuters his morning, the SEC has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter. The article also states that the Commission is not aware of a leak, nor is it aware of aberrational trading.

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