This may be insider trading if he has information about a change in status of the company.
https://www.equities.com/companies/edmc
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I reported Joseph R Wright to the SEC. He has a history of being a defendant in EDMC court actions.
Information about the Whistleblower Award Program
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama on July 21, 2010, authorizes the SEC to pay an award to eligible whistleblowers. You may be eligible for a monetary award if the information you submit leads to an SEC action that results in monetary sanctions exceeding $1,000,000. To learn more about this award program, including the eligibility requirements in the statute and final rules approved by the Commission to implement this program
https://denebleo.sec.gov/TCRExternal/index.xhtml
Contacting FTC!
Thanks!
Joseph R. Wright continued to buy stock today in lots of 1,000 shares. He is the only person buying stock. He must know something that no one else knows. That is called insider trading. It is illegal. Who is funding this exercise? Goldman Sachs? The price on some sites is now showing as 0.00
It's a speculative play. Still traded otc.
It seems likely that Joseph R. Wright is either trying to prop up the share price to prevent it dropping to zero or he is gambling that when EDMC declare bankruptcy there will be some bartering that may increase stock prices. It is illegal for Joseph R. Wright to be purchasing stock because of non-public information. According to the link Joseph R. Wright is the only person who has recently bought stock. I do not believe that students would buy EDMC stock. In over 80% of cases people who buy stock in a nearly bankrupt company lose money.
It's not illegal to purchase stock at a company you work at.