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July 27, 2004 at 08:00 PM
WASHINGTON (HedgeWorld.com)–As part of the findings of the 9/11 Commission, the Securities and Exchange Commission said it found no evidence that anyone attempted to profit from advanced warning of the Sept. 11 terrorist attacks.
The SEC began its investigation on Sept. 12 into whether such trades were made in the U.S. securities markets.
The agency reviewed 9.5 million securities transactions that took place during the weeks preceding Sept. 11. Trading in 32 exchange-traded funds and broad and narrow indexes also were examined.
With the help of the New York Stock Exchange, NASD, the American Stock Exchange, the Chicago Board Options Exchange, the Pacific Exchange and the Philadelphia Stock Exchange, securities and derivates products of 103 companies in six industry groups trading in seven markets were reviewed.
