"Unusual trading" and "potential irregularities" are tainting CNBC’s Million Dollar Portfolio Challenge. 375,000 entered with the results due out July 8, but now that’s apparently up in the air:
The cable network said on Wednesday that it
is investigating whether entrants in its "CNBC Million Dollar Portfolio
Challenge" contest engaged in illicit trading to boost their results."CNBC has been contacted by several
contestants alleging unusual trading in violation of contest rules among some of
the 20 finalists," the cable news network said in a statement."Once these questions were raised,
CNBC immediately launched a thorough investigation to determine who may have
violated the rules," it added.
The cable network said on Wednesday that it
is investigating whether entrants in its "CNBC Million Dollar Portfolio
Challenge" contest engaged in illicit trading to boost their results."CNBC has been contacted by several
contestants alleging unusual trading in violation of contest rules among some of
the 20 finalists," the cable news network said in a statement."Once these questions were raised,
CNBC immediately launched a thorough investigation to determine who may have
violated the rules," it added.
CNBC reports "unusual trading" in own contest - Reuters
Tags: CNBC
