The Financial Industry Regulatory Authority is investigating trading activity ahead of Anywhere Real Estate’s failed takeover bid for Douglas Elliman, Reuters reports, citing three people familiar with the matter and a letter it had seen.
- The inquiry is in early stages
- FINRA’s market abuse division in June and August sought details from Douglas Elliman about the sequence of events before news outlets reported a takeover bid by Anywhere
- “This inquiry should not be construed as an indication that FINRA has determined that any violations...have occurred,” Reuters cites the letter from FINRA to the company as saying
- Spokespeople for Douglas Elliman, ...
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