On May 21, 2024, Globe Life Inc. confirmed that it is under investigation by the Securities and Exchange Commission (SEC) in relation to short seller reports. The company has received a preliminary inquiry from the SEC. This follows a series of nine articles published by Business Insider since February 2023, which led to investigations by the Department of Justice, the Equal Employment Opportunity Commission, and the Pennsylvania Insurance Department. Despite these challenges, Globe Life reported impressive Q1 results and significant insider buying, suggesting a potential recovery for the company's stock.
$GL - Looking really bad. https://t.co/UMujNw09Oz
Globe Life – NAIC Filings Analysis https://t.co/B1tU5mwadJ Globe Life agent commission receivables are being used as short term financial investments through inter-company financial shenanigans. $GL 1/
Globe Life Inc. bounces back from fraud claims with impressive Q1 results and significant insider buying. $GL stock on the way to recovery. https://t.co/nWCaMGDF5o
Globe Life $GL said today it received "preliminary" inquiry from @SECGov. Since Feb 2023, when @BusinessInsider published first of 9 articles about $GL, @TheJusticeDept, @USEEOC, @PAInsuranceDept opened investigations. https://t.co/CvYTnJBtwS
Globe Life $GL says it has received "preliminary" inquiry from Securities and Exchange Commission related to short seller reports. https://t.co/UMjTVMhF4C
BREAKING - Globe Life confirms it is under SEC investigation in relation to "short seller reports". We do not take credit for the hole GL management and agents have dug themselves. $GL 1/ https://t.co/g6WO5GK2L3