A fake Internet report that Apple Inc. Chief Executive Officer Steve Jobs had suffered a heart attack was posted by a teenager, according to Bloomberg. Investigators haven't found evidence he tried to profit from driving down the stock, two people with knowledge of the matter said.
The U.S. Securities and Exchange Commission is examining the 18-year-old's motives after the article on CNN's iReport.com sent Apple shares down as much as 5.4 percent Oct. 3, according to the people, who declined to be identified because the probe isn't public. While the investigation is continuing, the agency hasn't unearthed any trading records that show he benefited from the drop, one of them said.
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The U.S. Securities and Exchange Commission is examining the 18-year-old's motives after the article on CNN's iReport.com sent Apple shares down as much as 5.4 percent Oct. 3, according to the people, who declined to be identified because the probe isn't public. While the investigation is continuing, the agency hasn't unearthed any trading records that show he benefited from the drop, one of them said.
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