United Development Funding IV Buckles Following FBI Raid

United Development Funding IV UDF shares are trading lower by $3.85 at $3.20 in Thursday's session. At this time, the issue is halted on its second circuit breaker. The company, which has been under recent recent scrutiny for its finances, had its offices visited by the FBI earlier in the day. The issue, initially tanked from it December 20 close ($17.20) to $11.15 the following day, when it potential accounting woes were brought to the Streets attention. Since that day it has been a volatile issue with a range from 7.06 to $14.80 over the next few days following the inertial bashing. In today's session it has far surpassed its former all time low ($5.21).