Exclusive-US watchdog probes real estate firm Douglas Elliman over Anywhere bid

Exclusive-US watchdog probes real estate firm Douglas Elliman over Anywhere bid

By Anirban Sen NEW YORK (Reuters) -A Wall Street watchdog is probing trading activity ahead of a failed takeover bid for Douglas Elliman and has asked the luxury real estate brokerage who knew about the offer before it became public in late May, according to letters seen by Reuters and three people familiar with the matter. The inquiry by the Financial Industry Regulatory Authority, reported here for the first time, is in the early stages, accor…

Report: Douglas Elliman Investigated Over Failed Anywhere Takeover

Citing internal documents and letters from regulatory agencies, Reuters is reporting that Douglas Elliman is under scrutiny for potential insider trading related to a rumored takeover bid by Anywhere this past spring, a deal that never materialized but sent Elliman’s stock soaring. According to the Reuters report, the Financial Industry Regulatory Authority (FINRA), is in… The post Report: Douglas Elliman Investigated Over Failed Anywhere Takeov…