SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Julius Wong2/4/2022 12:31:14 PM
2 Recommendations

Recommended By
Pogeu Mahone
Return to Sender

   of 8239
 
Dept. of Justice said to probe almost 30 short selling firms, allies

Feb. 04, 2022 11:50 AM ET By: Joshua Fineman, SA News Editor 20 Comments

JOE CICAK/iStock via Getty Images

The U.S. Dept of Justice is said to be collecting information on dozens of investment firms and researches involved in short selling as part of an investigation in possible trading violations.

The DOJ has subpoenaed communications and other info from almost 30 investment and research firms, according to traders, who cited a Bloomberg report. No one has been accused of wrongdoing and the opening of the investigation doesn't mean individuals will face any charges.

The report comes after Bloomberg in December reported that DOJ was said to have started a criminal probe into short selling by hedge funds and research firms looking at potentially improperly coordinated trades and insider trading.

The agency seized computers from well known short seller Andrew Left of Citron Research early last year, according to the latest report. Left told Bloomberg he's cooperating, though he added "it’s very tough to defend yourself when you haven’t been accused of anything.”

News about the probe in December hasn't stopped shorts from releasing reports as evidenced by at least four short reports that came out Thursday including prominent short selle r Hindenburg Research on Standard Lithium (NYSE: SLI) and Grizzly Research on Playtika (NASDAQ: PLTK).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News