Money Laundering, Terrorism and Financial Institutions - USA Patriot Act Monitor

News Releases

7/26/2004 USA PATRIOT Act Monitor News Release: SEC Finds No Evidence of Trading Patterns Indicating Advance Knowledge of 9/11
The Securities and Exchange Commission undertook an examination beginning the day after the terrorist attacks to determine if anyone had sought to profit from advanced knowledge of the terrorist attacks. According to SEC News Release 2004-98, the Commission examined more than 9.5 million securities transactions that took place in the weeks preceding September 11, 2001. The SEC and the exchanges reviewed trading in securities and derivative products of 103 companies in six industry groups trading in seven markets. The SEC also review trading in 32 exchange traded funds and broad and narrow indices. These findings were provided to the 9-11 Commission.

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