New research around stock behavior led by professors from universities across the Midwest took a novel approach. The academics used commercially available mobile phone location data to.
Cutting corners: Companies typically dread a knock on the door from the SEC (Securities and Exchange Commission). After all, an unannounced visit from these watchdogs often signals serious trouble. However, a new study suggests that some insiders may possibly be getting tipped off about these visits – and are cashing out their shares to avoid stock losses.
New research around stock behavior led by professors from universities across the Midwest took a novel approach. The academics used commercially available mobile phone location data to track devices spending significant time around SEC offices. They then traced those devices traveling to corporate headquarters in the year before the Covid lockdowns.
They found that at 84% of the companies “visited” by the SEC’s roaming phones, the brass was in the dark about any incoming enforcement action.
