No stock trading for WWE Employees.
According to a new report, WWE employees are currently prohibited from trading stock following the retirement of Vince McMahon. Recently, it was noted in a filing that McMahon forfeited a number of shares of his stock as part of his retirement. Now, a new report from Wrestlenomics reveals that WWE staff is currently prohibited from trading any company stock.
Please be advised that, in light of recent developments, the Company’s trading window has closed effective immediately for all employees, until further notice you are prohibited from any purchases or sales of Company securities. You are also instructed not to speak with others about this note.
– Senior vice president and assistant general counsel, James Langham
Upon the current Vince McMahon investigation, another report recently noted that the company would be reissuing financial reports for the last three years in order to account for payments made by Vince McMahon for personal matters.
H/T Fightful
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