FINRA Uneasy Over Stock Closing-Price Swings

Law360, New York (October 20, 2008, 12:00 AM EDT) -- Amid the recent credit crunch and global financial troubles, the massive stock price swings in the final minutes of trading have caught the attention of U.S. financial regulators and prompted apprehension that investors could be manipulating closing prices.

The U.S. Financial Industry Regulatory Authority is concerned about the volatility of the stock markets at closing time in recent weeks and is looking into whether closing prices have been manipulated, according to a spokesman for the agency.

The markets have been especially erratic at opening and closing...
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