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Hedge Funds Ensnared in Expansive DOJ Probe Into Short Selling
The U.S. Justice Department has launched an expansive criminal investigation into short selling by hedge funds and research firms, scrutinizing their symbiotic relationships and hunting for signs that they improperly coordinated trades or broke other laws to profit, according to people familiar with the matter.
https://www.bloomberg.com/news/articles/2021-12-10/hedge-funds-ensnared-in-expansive-doj-probe-into-short-selling?sref=HQB7G2wY&utm_content=business&utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&cmpid=socialflow-twitter-business
Top 10 GGP trades today over 10k published by Barclays:
16:28 13.90p 900,000 £125,100 Buy O
13:39 14.26p 373,447 £53,254 Sell O
15:24 14.20p 373,190 £52,993 Buy O
13:33 14.18p 373,447 £52,936 Sell O
16:35 14.10p 375,246 £52,910 Buy UT
16:03 14.15p 357,663 £50,609 Unknown O
16:25 13.99p 357,348 £49,993 Buy O
16:41 14.15p 250,000 £35,375 Buy O
08:41 14.00p 250,000 £35,000 Buy O
11:30 14.41p 225,000 £32,414 Sell O
13:50 14.36p 225,000 £32,301 Sell O
10:06 14.64p 200,000 £29,270 Sell O
10:07 14.55p 200,000 £29,104 Sell O
11:38 14.54p 200,000 £29,080 Sell O
13:32 14.52p 200,000 £29,040 Sell O
*Buy / Sell is judged on the basis of the trade price in relation to the mid-price at the time the trade is published, e.g. if the trade price is greater than the mid-price, a purchase is assumed. Large trades can be subject to a delay in publication which may result in an unreliable interpretation.
Gerry, they may take it seriously, but it doesn't stop them doing it. I remind you of the fairly recent LIBOR scandal:
The LIBOR Scandal was a highly-publicized scheme in which bankers at several major financial institutions colluded with each other to manipulate the London Interbank Offered Rate (LIBOR). The scandal sowed distrust in the financial industry and led to a wave of fines, lawsuits, and regulatory actions. Although the scandal came to light in 2012, there is evidence suggesting that the collusion in question had been ongoing since as early as 2003.
I rest my case :-))
Its simply ridiculous. A 344 million euros ($390 million) fine for rigging the largest market in the world.
Here is one article:
https://uk.investing.com/news/stock-market-news/barclays-rbs-hsbc-credit-suisse-fined-344-million-euros-for-forex-cartel-2525743
News just out:
BRUSSELS (Reuters) -European Union antitrust regulators fined Barclays (LON:BARC), Credit Suisse (SIX:CSGN), HSBC and RBS a total of 344 million euros ($390 million) on Thursday for rigging the foreign exchange spot trading market.
It is precisely this type of behaviour confirms the belief that there is manipulation at every level of the markets.
@Vtid - It can be difficult sometimes to separate the wheat from the chaff with this type of research, but the Simply Wall St articles are usually chaff. For example, in their most recent update to your posted article they state, "Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.". This was published before the recent ~2% raise which was designed to bring instos on board, and the article is therefore, imo, utter nonsense. You can read it here:
https://uk.finance.yahoo.com/news/institutions-heavily-invested-greatland-gold-072201990.html
ATB
@Fange @Projectkiller, this is the standard methodology used by the majority of brokers to indicate buys or sells and is usually printed right in front of you and is not news, for example, Barclays:
Buy / Sell is judged on the basis of the trade price in relation to the mid-price at the time the trade is published, e.g. if the trade price is greater than the mid-price, a purchase is assumed. Large trades can be subject to a delay in publication which may result in an unreliable interpretation.
ATB
Morning Viking, they completely lost the plot last night, it was ridiculous behaviour. There are, unfortunately still plenty of disruptive posters here, to contend with and I salute your efforts in challenging their motives.