SEC To Investigate Apple Analysts

The US Securities and Exchange Commission is planning to launch an investigation into suspected insider trading involving the routinely published market research of company's supply chains.

According to The Wall Street Journal, the SEC is planning to launch an investigation into analysts that research and provide information on Apple's supply chain.

The SEC will try to determine whether such information has had a substantial effect on the share price of Apple, and whether it could be classified as insider trading or not.

Previous insider trading investigations involved a tip about an upcoming merger or acquisition that influenced the share price of the company, but prosecutors are now investigating whether data could affect company stock prices.

In an interview with the Wall Street Journal, former Securities and Exchange Commissioner Paul Atkins said: “Insider trading basically comes down to where you know or ought to know that the person from whom you're getting this information has a duty to someone else to keep it confidential.”

"If you go in and pay the mail clerk to give you special information, that's not proper."