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Traders Magazine, July 2004

Editorial Staff

September 11 *The Securities and Exchange Commission says it found no evidence that terrorists profited from trading activity before the attack on September 11, 2001. The SEC report came at the same time as the 9/11 Commission released the results of its study. The SEC investigation began a week after the attack. That's when conspiracy reports started to circulate on the Internet that the terrorists had been shorting various stocks. However, the SEC conceded in its report that some "unusual trading" had taken place. Still, the regulators concluded that each trade "proved to have an innocuous explanation." The SEC said it examined almost 10 million securities transactions that were executed in the weeks before the shocking attack on the World Trade Center, which was in the heart of New York City's financial district.

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