U.S. financial regulators are reviewing trading activity in shares of FireEye Inc ahead of its Jan. 2 announcement of its $1 billion purchase of computer forensics firm Mandiant Corp. FireEye General Counsel Alexa King sent an email on Monday to individuals who had knowledge of the acquisition of the high-profile firm before it was made public, telling them the Financial Industry Regulatory Authority, or FINRA, was conducting the inquiry.Officials with FINRA could not immediately be reached for comment.An attorney who once served in the agency's enforcement division said FINRA regularly conducts such reviews after every company announcement that could significantly move its share price. The reviews are part of a fraud detection program that FINRA has quietly ramped up over the past few years, the attorney said."FINRA requests such as this are very standard," King told Reuters via email.
FireEye, Inc. invented a purpose-built, virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks. Shares of FEYE traded higher by 5.57% or $2.02/share to $38.29. In the past year, the shares have traded as low as $25.58 and as high as $97.35. On average, 6716400 shares of FEYE exchange hands on a given day and today's volume is recorded at 5715619.
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