U.S. probes insider trading in pre-arranged executive stock sales – Bloomberg News

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEIA20JT_L.jpg

The U.S. Securities and Exchange Commission and the Justice Department are concerned some people may be manipulating stock-sale programs, which are intended to shield executives from misconduct allegations by scheduling the transactions in advance, the report added.

The U.S. SEC and Justice Department did not immediately respond to Reuters’ requests for comment.