SEC investigates spread of false info
The SEC is opening an investigation to prevent the spread of false information used to manipulate securities prices.
SEC Chairman Christopher Cox said the investigation is aimed at “ensuring that investors continue to get reliable, accurate information about public companies in the marketplace.” The investigation will be conducted by the SEC's Office of Compliance Inspections and Examinations as well as the Financial Industry Regulatory Authority and New York Stock Exchange Regulation Inc.
The SEC’s actions follow new bouts of turmoil as the Treasury stepped in to aid the failing financial health of mortgage giants Fannie Mae and Freddie Mac.
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LAST UPDATED 7/16/2008