SEC Subpeonas The Times of London

O

otcstockfund

Waiting for SEC to Subpeona them any minute now :p

TOKYO (Reuters) - Mitsubishi UFJ Financial Group (MUFG) (Tokyo:8306.T - News) has no plans to invest in U.S. investment bank Lehman Brothers (NYSE:LEH - News), an executive at Japan's largest bank said, responding to a media report that it was considering taking a stake.

The Times of London reported that the core banking unit of MUFG was poised to enter the bidding for a substantial stake in Lehman. The report sent shares of Lehman higher in after-hours trade.

MUFG has "absolutely no plans" to invest in Lehman, an executive involved in major decisions at the bank told Reuters
 
Quote from otcstockfund:

Waiting for SEC to Subpeona them any minute now :p

TOKYO (Reuters) - Mitsubishi UFJ Financial Group (MUFG) (Tokyo:8306.T - News) has no plans to invest in U.S. investment bank Lehman Brothers (NYSE:LEH - News), an executive at Japan's largest bank said, responding to a media report that it was considering taking a stake.

The Times of London reported that the core banking unit of MUFG was poised to enter the bidding for a substantial stake in Lehman. The report sent shares of Lehman higher in after-hours trade.

MUFG has "absolutely no plans" to invest in Lehman, an executive involved in major decisions at the bank told Reuters
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The SEC said no absolutely no rumors would be allowed regarding LEH and a few other financial stocks.

Now we'll see that the SEC does support rumors in LEH - but only if those rumors work the stock higher.

The SEC definitely won't investigate.
 
Quote from wilburbear:

The SEC said no absolutely no rumors would be allowed regarding LEH and a few other financial stocks.

Now we'll see that the SEC does support rumors in LEH - but only if those rumors work the stock higher.

The SEC definitely won't investigate. [/QUOTE

lol, you really cant subpeona a newspaper and expect any info. isnt that our first admentment? im guessing there is something simmlar in the uk
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