SEC investigating illegally tipped trading of Apple | iLounge News

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SEC investigating illegally tipped trading of Apple

The U.S. Securities & Exchange Commission has launched an investigation into possible illegal trading of Apple shares both domestically and abroad, according to a new report. Citing a series of SEC documents sent to the brokerage community, the Huffington Post reports that the commission is looking at four specific time periods, asking for the names of clients who specifically bought and sold Apple shares during those periods. The report states that the SEC is asking whether anyone had an illegal lead on how iPod sales were faring, whether anyone was given insight into Apple CEO Steve Jobs’ health, and whether anyone had exact knowledge of the dates on which company press releases or announcements relating to Jobs’ health and/or iPod sales would be made public.

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