So now it looks like we could be moving from a FDA scandal to an SEC investigation scandal. Insider trading is generally not very well received by the SEC.
The latest update -- the first to involve its Ontario plant -- comes amid news that the chief financial officer of Menu Foods Income Fund sold nearly half his units in the pet food maker less than three weeks before it announced its massive product recall, according to insider trading reports.
And how many more CEOs/CFOs/COOs have sold their stock illegally from the pet food recallings?
2 comments:
This recall as well as the peanut butter one, only proves that only a few make most of the products and brand the same thing differently.
Look for class action lawsuits from the public and inside trading investigations in the companies...
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