Study suggests SEC visits may be tipping off insiders, leading to stock sell-offs (www.techspot.com)

submitted 4 months ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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New research around stock behavior led by professors from universities across the Midwest took a novel approach. The academics used commercially available mobile phone location data to track devices spending significant time around SEC offices. They then traced those devices traveling to corporate headquarters in the year before the Covid...Read Entire Article

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[-] pelespirit@sh.itjust.works 5 points 4 months ago

So the government is capable of higher fines. 3 billion is pretty steep.

In related news, the SEC blocked the use of third-party messaging apps and texts on employee work phones in April, aligning with the standards enforced on the financial industry. The agency has issued $3 billion in fines to firms for failing to maintain adequate records of mobile communications.

this post was submitted on 14 Sep 2024

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