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$SVB Financial(SIVB.US$ good ol fashioned bank run. thanks Peter thiel!
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$GameStop(GME.US$ The U.S. Department of Justice (DoJ) has launched an expansive criminal investigation into short selling by hedge funds and research firms, Bloomberg News reported on Friday, citing people familiar with the matter. The investigation, run by the DoJ's fraud section with federal prosecutors in Los Angeles, is probing how hedge funds tap into research and set up their bets, looking for signs that they improperly coordinated trades or broke other laws to profit, the report said. Authorities are scrutinizing the financial relationships between hedge funds and researchers, the report added, and examining if those funds engaged in insider trading or other abuses.
Anson Funds and Marcus Aurelius Value are among the more than a dozen firms under the scanner of the investigators, according to the report. The department is also examining trading in dozens of stocks like Luckin Coffee Inc and GSX Techedu Inc, on which Carson Block's Muddy Waters Capital and Andrew Left's Citron Research also circulated research, the report said. Trading in short targets such as Santa Ana, California-based Banc of California Inc and Mallinckrodt Plc is also being examined, according to the report.
The move by the DoJ comes after the U.S. securities regulator earlier this year said it is considering measures to require big investors to disclose more about short positions, or bets that stocks will fall and the use of derivatives to bet on other stock moves. The regulator also moved to protect small investors from trading apps that use features common to video games in order to boost risky trading activity.
The review of rules by the Securities and Exchange Commission was prompted by January's GameStop saga and the meltdown of Archegos Capital Citron, one of the world's best known short-sellers, in January said it would publicly stop detailing companies' shortcomings following backlash against it and others who said video retailer GameStop's stock is not worth its price.
Anson Funds and Marcus Aurelius Value are among the more than a dozen firms under the scanner of the investigators, according to the report. The department is also examining trading in dozens of stocks like Luckin Coffee Inc and GSX Techedu Inc, on which Carson Block's Muddy Waters Capital and Andrew Left's Citron Research also circulated research, the report said. Trading in short targets such as Santa Ana, California-based Banc of California Inc and Mallinckrodt Plc is also being examined, according to the report.
The move by the DoJ comes after the U.S. securities regulator earlier this year said it is considering measures to require big investors to disclose more about short positions, or bets that stocks will fall and the use of derivatives to bet on other stock moves. The regulator also moved to protect small investors from trading apps that use features common to video games in order to boost risky trading activity.
The review of rules by the Securities and Exchange Commission was prompted by January's GameStop saga and the meltdown of Archegos Capital Citron, one of the world's best known short-sellers, in January said it would publicly stop detailing companies' shortcomings following backlash against it and others who said video retailer GameStop's stock is not worth its price.
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MACRO
• Asia Stocks Set for Cautious Open as Oil Tops $100
Stocks in Asia look set for a cautious open Wednesday after oil jumped back above $100 a barrel.
Equity futures signaled muted starts for Japan, Australia and Hong Kong. Contracts on the $S&P 500 Index(.SPX.US$ and $NASDAQ 100 Index(.NDX.US$ made modest gains after U.S. shares erased an advance to close lower.
• U.S. Inflation Accelerated to 8.5% in March, Hitting F...
• Asia Stocks Set for Cautious Open as Oil Tops $100
Stocks in Asia look set for a cautious open Wednesday after oil jumped back above $100 a barrel.
Equity futures signaled muted starts for Japan, Australia and Hong Kong. Contracts on the $S&P 500 Index(.SPX.US$ and $NASDAQ 100 Index(.NDX.US$ made modest gains after U.S. shares erased an advance to close lower.
• U.S. Inflation Accelerated to 8.5% in March, Hitting F...
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- Dividend stocks investing is back in the market
How to survive a volatile market has been on investors' minds since an uneven start to 2022. The market has ended Q1 in the negative territory with the $S&P 500 Index(.SPX.US$ down 4.95% and mixed big tech performance.
Multiple headwinds disrupted the stock and bond markets. Investors have become more vulnerable and therefore more sensitive and conservative in investing amid the chaos of high infl...
How to survive a volatile market has been on investors' minds since an uneven start to 2022. The market has ended Q1 in the negative territory with the $S&P 500 Index(.SPX.US$ down 4.95% and mixed big tech performance.
Multiple headwinds disrupted the stock and bond markets. Investors have become more vulnerable and therefore more sensitive and conservative in investing amid the chaos of high infl...
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Stocks set for steady open; Treasury curve steeper: Markets wrap
Stocks in Asia looked set for a muted start Friday as investors digest the Federal Reserve's plan for aggressive policy tightening.
Futures rose for Australia and Japan but dipped for Hong Kong. U.S. contracts fluctuated following modest Wall Street gains Thursday. Global shares are on course for their worst week in four, hurt by the risk of an economic...
Stocks in Asia looked set for a muted start Friday as investors digest the Federal Reserve's plan for aggressive policy tightening.
Futures rose for Australia and Japan but dipped for Hong Kong. U.S. contracts fluctuated following modest Wall Street gains Thursday. Global shares are on course for their worst week in four, hurt by the risk of an economic...
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G7 has just rejected the requests put forth by president Vladimir Putin, who insists "unfriendly' countries use rubles to purchase natural gas from Russia. Considering Russia accounts for 32% of gas supply to the United Kingdom and the EU, this will undoubtedly stoke up the boom in gas prices further, which have already climbed up over 20% since the war erupted. Other commodities, such as crude oil, gasoline and wheat, are moving in sync...
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Zequalizer Dream Weaver: When the bank is shut down the equity is a zero. The securities won’t trade while under FDIC receivership, but when they do the stock goes to 0 and you can close out the position. It will take some time to settle, could be months. Keep records of your trade details and save trade confirmations.