It was reported in news outlets on March 10, 2021 that Credit Acceptance was under investigation by the office of the Attorney General of New York for violations of the Martin Act, a New York statute which grants the Attorney General expansive law enforcement powers to conduct investigations into potential securities fraud and to bring civil or criminal actions against alleged violators.
On March 11, 2021, Credit Acceptance’s stock price fell $21.79 per share, or 5.43%, on this news, to close at $379.36 per share.
Credit Acceptance Corporation
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