Post by
whisky11 on Dec 13, 2021 6:40am
According to Bloomberg
According to Bloomberg which cited people familiar with the matter, the DOJ’s fraud division in Los Angeles has begun to investigate how hedge funds access research and exercise their bets, especially ahead of short-selling reports that have the potential to move stocks. In particular, the DOJ is exploring the relationships between hedge funds and researchers, in an effort to uncover potential signs of money managers collectively engineering to ignite stock drops or insider trading.
The inquiry is said to be wide-ranging, and will examine trading across multiple short-selling targets, including Luckin Coffee Inc., Banc of California Inc., Mallinckrodt Plc., and GSX Techedu Inc. Likewise, the DOJ will also be looking into the practices of money-managing funds, including Toronto-based Anson Funds, Andrew Left’s Citron Research, and Carson Block’s Muddy Waters Capital……"
Comment by
Rockets2021 on Dec 13, 2021 1:49pm
I hope all guilty parties are convicted to the fullest extent of the law!