US Dept of Justice investigating market manipulation by hedge funds

US Dept of Justice investigating market manipulation by hedge funds

January 3, 2022
NewsCo-op
(Global)
On December 10, 2021, Bloomberg reported that the United States Department of Justice had opened an extensive criminal probe into short selling by hedge funds and researchers. The DOJ fraud department, in cooperation with federal prosecutors in Los Angeles, are looking for evidence that some hedge funds coordinated bets on stock declines with research firms that publish negative reports on certain stocks, in order to depress the stock price and then cash in.

Deep Dive

Filters