Fairfax Lawsuit Draws SEC Interest

[Pick52]

My apologies if this was posted previously

 

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20090213&ID=9610723&Symbol=FFH

 

From an Associated Press article:

 

Federal regulators are investigating allegations by a large insurer that several hedge funds conspired to drive down its stock price by using advance notice of an analyst's negative report about the company.

 

The Securities and Exchange Commission is examining the situation involving insurer Fairfax Financial Holdings Ltd., a person familiar with the inquiry said Friday. The person spoke on condition of anonymity because the investigation has not been made public.

 

Starting to get some traction?

[StubbleJumper]

Traction?  From the SEC?  Seems unlikely.  That's the same organization that issued a subpoena to FFH in like 2003 and still has not made any declaration of their guilt or innocence.... 

 

The SEC is an embarrassment.

 

SJ