According to The Washington Post, the Securities and Exchange Commission has issued subpoenas to Height Securities, a Washington-based stock brokerage firm, and individuals in connection with the leak last month about a federal funding decision that appeared to cause a surge in stock trading of several major health companies.
Questions:
1. What healthcare stock surged in the trading of shares?
2. According to the article, what was the global market for worth in terms of revenue in 2009?
3. According to the GAO, why is it difficult to quantify how much political intelligence the Washington information industry sold to clients or the nature of the compensation it received?
Source: Hamburger, T. and D. ElBoghdady (2013) SEC subpoenas firm, individuals in a case of leaked information. The Washington Post, May 1 (Retrievable online at http://www.washingtonpost.com/business/economy/sec-issues-subpoenas-to-political-intelligence-firms-connected-to-leaked-information/2013/05/01/43121794-b290-11e2-bbf2-a6f9e9d79e19_story.html)