RE:RE:hedge-funds-ensnared-in-expansive-doj-probe-into-short-selliHey Club.
Just a suggestion.
After reading Momo's Bloomberg article below on the Short trading Investigation in the US. I suggest that we forget about IIROC and report the Bomber Shorters like Anonymous house & Conocord (?) house to the US authorities. The US Justice department are investigating a Canadian Firm. Why not investigate one of their own on wrongdoing on the TSE.
See highlights of the article below.
"The U.S. Justice Department has launched an expansive criminal investigation into short selling by hedge funds and research firms,
In one example,
prominent financial investigator Harry Markopolos, who normally makes money from whistle-blower awards,
said he partnered with a hedge fund to share profits when he released a report on
General Electric Co. The Securities and Exchange Commission and Justice Department have gone after hedge funds for running “short and distort” campaigns. The practice typically involves setting up bearish bets, then releasing misleading or inaccurate information about a company to drive down the price before closing out the position for a profit.
Underscoring the inquiry’s sweep, federal investigators are examining trading in at least several dozen stocks, including well-known short targets such as
Luckin Coffee Inc.,
Banc of California Inc.,
Mallinckrodt Plc and
GSX Techedu Inc. And they’re scrutinizing the involvement of about a dozen or more firms -- though it’s not clear which ones, if any, may emerge as targets of the probe.
Toronto-based Anson Funds and anonymous researcher Marcus Aurelius Value are among firms involved in the inquiry, " clubhouse19 wrote: Although it is relatively more prevelant here with added legalized naked short selling, you will not see the same headlines here as IIROC and the OSC are literally toothless and not interested in such which creates an optimal platform for CDN companies like BBD and others to be targetted by US hedgefunds through the dark pools here.. Just look at the advantages they have through those dark pools that can trade in 1/2 and 1/4 pennies while the public cannot.
momocau wrote: https://www.bloomberg.com/news/articles/2021-12-10/hedge-funds-ensnared-in-expansive-doj-probe-into-short-selling?fbclid=IwAR3p801_19t_I77-wAqwpN0XC_HRa9TVE2B2hiqixbbwRNkuHN5FHiylYhk