US Justice Dept launches expansive probe into short-selling

  • Markets
  • Saturday, 11 Dec 2021

Among the stocks whose trading activity the Justice Department is examining are Luckin Coffee Inc and GSX Techedu Inc, on which Carson Block's Muddy Waters Capital and Andrew Left's Citron Research circulated research, Bloomberg said.

New York: The U.S. Department of Justice has launched an expansive criminal investigation into short selling by hedge funds and research firms, according to three people familiar with the matter.

Investigators are probing the relationships among the hedge funds and firms that publish negative reports on certain companies, often with the aim of sending the stock lower, the people said.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

US , Justice Department , probes , short-selling ,


Next In Business News

IOI Corp expects operating environment to remain challenging
Press Metal reports RM282mil net profit in 1Q
FBM KLCI tumbles 8.02 points to below 1,400-level
Singapore home prices surpass Hong Kong as APAC's most expensive - survey
Gold slips to lowest in more than 2 months as dollar gains
Weak China data outlook, US debt deal weigh on Asian FX
Asian stocks dip as investors question consequences of US debt deal
DC Healthcare inks underwriting agreement with M&A Securities
GDEX's new auto hub to triple daily sorting capacity to 350,000 shipments
FGV to push through 2023 on 1Q momentum

Others Also Read