The Washington Stock Exchange was embroiled in a major scandal last week as trading in Merrenthaler stock was marred by suspicious activity. On the afternoon of April 8, 1918, the exchange was dominated by a frenzy of buying and selling in Merrenthaler stock. In a series of frantic transactions, at least five lots of Merrenthaler stock were sold at a price of 114% of its face value, sparking concerns of insider trading and market manipulation.
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Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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