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SEC Charges Fake Filer With Manipulating Fitbit Stock

The Securities and Exchange Commission today filed fraud charges against a Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock by making a phony regulatory filing. According to the SEC’s complaint, Robert W. Murray purchased Fitbit call options just minutes before a fake tender offer that…

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RadioShack Potentially Bankrupt – Trading Suspended

The New York Stock Exchange immediately suspended the trading in the securities of RadioShack, which has begun talks with lenders about potential bankruptcy. The shares of the beleaguered electronics retailer dropped by 41% on the news and dropped on the after market to $0.14 a share. RadioShack which has been…

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