Stocks Applu saw an interesting jump yesterday after their value suddenly unexpectedly dropped by $10. The stock has since rebounded to $103.12, but that hasn't stopped investors from wondering what's going on. Tim Cook decided to react to the situation and began to reassure investors that they had nothing to worry about and the value of the shares Applu started growing again. Because he reassured them with preliminary information about the situation in China, and it seems that the team that Tim Cook offered shareholders a preview of financial results, violated SEC rules and is likely to be investigated by the Securities and Exchange Commission.
At least that's what lawyers from Dorsey & Whitney firm suggested to the MarketWatch server. They rely on the rule that public companies should not share information for the purpose of potentially making someone rich. But there is an exception for the media and it is possible that Tim Cook decided to rely on this exception, even though he provided the information in an email to the investment company. Analysts therefore think the SEC can minito contact almost Apple and will try to find out why he revealed information he should not have revealed. It's also not out of the question either Apple or Tim Cook he will pay a fine for it. The CEO of the richest company in the world said that the activations of iPhones in the last two weeks were the highest in history and the business is doing very well during these two months.
Read also: Tim Cook invested in a revolutionary shower that uses 70% less water
*Source: Cult of Mac
