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Benzinga
Benzinga
Business
Wayne Duggan

Why The Justice Department Is Going After Short Sellers

Justice Department Andrew Left Carson Block

Federal prosecutors are reportedly ramping up a probe into the activities of short sellers, serving subpoenas and seizing hard drives and mobile phones of prominent "activist" short sellers.

What Happened? In a story originally reported by Bloomberg News last year, federal investigators have subpoenaed nearly 30 hedge funds and other short sellers as part of an investigation into potential illegal trading activities.

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