Tag: Law
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For months, investors in AMC have suspected a conspiracy by hedge funds to drive down the share price via an illegal practice called naked short selling. Strong evidence of this emerged Friday with the listing of AMC on the NYSE’s Threshold Securities list. Let’s back up: what is naked short…
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On a narrow street at the edge of town sits a squat brick building. There are no windows. On the street, lookouts watch for unfamiliar faces. The few who do enter are carefully watched. Inside: the headquarters of the most powerful mafia family in this country. This is Casella’s Restaurant…
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+ NYC Area+ Crime, Genovese, Hoboken, Hudson County, Law, LCN, Mafia, Mob, New Jersey, NYC, Organized Crime, True Crime+
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Congress is investigating whether traders on Reddit’s Wallstreetbets colluded to drive up the price of GameStop, possibily illegally. But two major legal precedents are on the side of Wallstreetbets: In the DRW case, the CFTC argued the defendants’ orders for a swap contract were “inherently manipulative” because the defendants “understood…
Tremendous 