Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: Kevin Podsiadlik who wrote (9702)	4/22/2002 3:04:59 PM
From: StockDung	Read Replies (1) of 19428

pre-sept 11th? scary->AIG asks SEC, NYSE to investigate trading activity NEW YORK, April 22 (Reuters) - American International Group Inc. <AIG.N>, the world's leading insurer, on Monday said it had asked the New York Stock Exchange and the Securities and Exchange Commission to look into heavy short-selling of its stock. Short-sellers look to make profits by selling stock they don't own, in the hope of buying shares later at a lower price. "AIG stock is trading down significantly," the company said in a statement. "We have observed considerable short selling in the stock and have requested the New York Stock Exchange and the Securities and Exchange Commission to investigate this activity," it added. Shares of the firm, the largest underwriter of commercial and industrial insurance in the United States and the second-largest U.S. life insurer, were off 1.6 percent at $69.63 in early afternoon trading Monday on the New York Stock Exchange. 04/22/02 13:54 ET

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