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A private corporation called Gimbolt, Inc. is in the process of preparing the company to go public ( open up sales of their stock to
A private corporation called Gimbolt, Inc. is in the process of preparing the company to go public open up sales of their stock to the public The night before the stock begins trading on the market, CEO Brian Ravitz tweets that Gimbolt has reached a large deal with a big car manufacturer whereby Gimbolt will sell $ worth of revolutionary seat cushions to the car manufacturer. The stock goes public and trades at a very high price due to the news of the deal. A few days later, it is reported that there was no such deal. Which federal agency will investigate this matter?
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The Federal Bureau of Investigations.
The Federal Deposit Insurance Corporation
The Securities and Exchange Commission.
The US Treasury Department.
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