The SEC is investigating whether executives at First Republic Bank, which was seized by regulators and sold to JPMorgan Chase, improperly traded on inside information.
Financial bubbles are frequently depicted as manias.
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Until the late 1800s, moments of widespread high-risk financial gambling weren’t considered manias but the results of individual actors, who bore responsibility for the disastrous results.
GameStop shares soared after some retail investors teamed up to jack up the price.
AP Photo/John Minchillo
The easy answer as to why trading was halted relates to the stock’s ‘volatility’ after its dramatic climb in recent weeks. But it could also mean something fishy is going on.
The Justice Department is investigating stock trades made by Sen. Richard Burr (R-NC) after a briefing on the coronavirus.
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Did members of Congress illegally sell stocks after getting inside information about the pandemic from federal officials? A former lawyer for the House says proving such cases is very difficult.