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How SEC Mobile Phones Can Signal an Imminent Stock Price Drop
Mobile phone location data has linked site visits by US securities watchdogs to the headquarters of companies with measurable drops in their share prices -- even when no enforcement action is taken. From a report: When insiders sold shares right around a non-public visit by staff from the Securities...
Mobile phone location data has linked site visits by US securities watchdogs to the headquarters of companies with measurable drops in their share prices-- even when no enforcement action is taken. By matching commercially available data with share price moves, the study offers a window into the secretive world of securities enforcement beyond publicly announced cases. The research used geolocation data to identify mobile phones that spent significant amounts of time at the SEC's various offices around the country.
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