In the immediate aftermath of 9-11, the media was filled with a flurry of stories about the “shorting” of stocks of the airline companies involved. Then the story died out in the mainstream media and shifted into the realm of para-politics and conspiracy theory. In April 2010, the Security and Exchange Commission opted to make a discretionary disclosure of a portion of their report into the short trading. It found that the increase in “put options” was the product of industry publications and that the the sec failed to discover 'any evidence that anyone who had advance knowledge of the attack sought to profit from the information by trading securities” and the trading was consistent with a legitimate trading strategy.”
Pre-September 11, 2001 Trading Review
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