Globe Life shares down amid SEC's informal inquiry into short-seller reports
) fell 2% in premarket trading Tuesday after the life and health insurance provider said it had received a preliminary, informal inquiry from the SEC regarding recent allegations made by short sellers.
The company emphasized that the SEC has not started a formal investigation, made any claims against Globe Life, or indicated any intention to do so.“Globe Life intends to fully cooperate with the SEC,” the company said in a statement. “While no assurances can be made, at present management does not believe that it is reasonably possible or probable that this matter will result in a material loss,” it added.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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