QUORUMCALL//GPT:
Senator Elizabeth Warren has called on the SEC to investigate possible insider trading at Walmart. This comes after the retail giant saw an increase in share purchases before its announcement of a new low-cost fintech start-up.
CONTEXT
* Warren has written a letter to the SEC asking for an investigation into Walmart’s share purchases in the days before the announcement. She is calling for “suspicious trading” to be looked into.
DETAILS
* Walmart announced its new fintech startup on January 11, which saw its stock rise by 1.5% on the day.
* The Senator from Massachusetts has pointed out that there was a 13% increase in Walmart stock trading volume in the run-up to the announcement.
TOPICS COVERED
#InsiderTrading #SEC #Fintech
NOTE
The article is from Yahoo Finance UK, a reliable source for financial news and updates.
