Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, February 15, 2007

SEC Investigation into Research Firm Closed

Gradient Analytics, a research firm, announced that the SEC had completed its investigation into the firm without taking any action.  The investigation was instigated by accusations from that Gradient wrote negative research reports in exchange for payments from a hedge fund.  The investigation caused concern when the SEC subpoenaed records from three journalists.  See NYTimes, S.E.C. Won’t Act in Research Firm Case and WSJ, SEC Declines to Bring Charges After Probe of Gradient Analytics.

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