AT&T Is Getting Sued by the SEC -- Should Investors Be Worried?
Some troubling news came out last week for anyone investing in AT&T (NYSE: T). The Securities and Exchange Commission (SEC) is suing the telecom giant for misleading investors by providing nonpublic information to a group of 20 analysts ahead of a pivotal earnings release in the spring of 2016. This information prompted the analysts to lower their consensus revenue estimates, thereby allowing AT&T to "beat" Wall Street expectations when it released its quarterly earnings later that year.
Here are more details concerning the lawsuit, and why it should make any investor nervous about owning the stock going forward.
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Source Fool.com
