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342 How SEC Mobile Phones Can Signal an Imminent Stock Price Drop

Slashdot
msmash @ Slashdot · 09/13/2024 00:30 EDT

How SEC Mobile Phones Can Signal an Imminent Stock Price Drop

Mobile phone location data has linked site visits by US securities watchdogs to the headquarters of companies with measurable drops in their share prices -- even when no enforcement action is taken. From a report: When insiders sold shares right around a non-public visit by staff from the Securities and Exchange Commission, they avoided average losses of 4.9 per cent in the three months after the visit, according to a study led by researchers at four Midwestern universities. By matching commercially availab

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