SEC Looks at Unusual Transactions

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

The Securities and Exchange Commission launched a probe of circumstances surrounding Eastman Kodak (KODK) and a $765 million government loan it received last week to make pharmaceutical ingredients at its U.S. facilities.

Questions:

  1. What happened to Kodak stock between the announcement of its government loan to make pharmaceutical ingredients and the announcement of the SEC probe?
  2. Which U.S. Senator indicated that Kodak may have an insider trading problem?
  3. When were some of the stock-options in question actually granted to Kodak executives?  

Source:

Ghosh, P. (2020). SEC Probing Loan Disclosure, Unusual Stock Trading Activity At Eastman Kodak. International Business Times, August 4 (Retrievable online at https://www.ibtimes.com/sec-probing-loan-disclosure-unusual-stock-trading-activity-eastman-kodak-3022399)