Douglas Elliman probed by FINRA over Anywhere bid, Reuters reports

FINRA is probing trading activity ahead of a failed takeover bid for Douglas Elliman (DOUG), and has asked the luxury real estate brokerage who knew about the offer before it became public in late May, according to letters seen by Reuters and three people familiar with the matter, Anirban Sen reports. The inquiry is in the early stages, according to the report. Anywhere Real Estate (HOUS) approached Douglas Elliman in May with a bid that would value it at more than $4 a share.