Bloomberg breaking story.
” Department of Justice has actually opened a CRIMINAL probe into the practices of hedge fund and research study companies that depend on brief selling.”
Do hedge funds trade stocks targeted by research study companies prior to the publications of reports? (DUH).
Prob will look for if there’s any incorrect coordination or market abuses.
JPM and VandaTrack
Example: Technoglass fell 41% when Hidenberg recommended they utilized phony revues and had ties to the cartel.
Citron Research bailed on GameStop short after GME surge – stopped releasing brief reports.
SEC promised to “secure retail financiers when the realities show violent or manipulative trading activity that is forbidden by the federal securities laws.
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