February 07, 2019
“Shadow Treasurer Chris Bowen says that investigations need to be into insider trading with bank stocks rallying well before the release of the Banking Royal Commission”.
Source: The Weekly Times
Comment: LET’S SEE, SHALL WE?
Here is the announced time of release from the Royal Commission website:
The Commissioner, the Honourable Kenneth Madison Hayne AC QC, submitted his final report to the Governor-General on 1 February 2019. The final report was tabled in Parliament on 4 February 2019 and is available on the Reports page.
Here is the market reaction for CommBank:
The stock closes at $70.47 on 4/2 and opens on 5/2 at $73.00.
The report was released AFTER MARKET CLOSE. The stock price jumped 3.6% the NEXT DAY on open.
THERE IS NO EVIDENCE ON THIS CHART OF ANY INSIDER TRADING WHATSOEVER.