HEDGE FUND SUED FOR NAKED SHORTING π₯ - AMC Stock Short Squeeze Update
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Links;
https://www.sec.gov/litigation/admin/2019/33-10650.pdf
https://www.reddit.com/r/Superstonk/comments/qmm1il/citadel_securities_asks_florida_judge_to_dismiss/
https://twitter.com/currousity/status/1456322475000836104
A hedge fund has recently been sued for the naked short selling of stock. This same fund recently announced a sell rating on AMC with a target of $7.50... I wonder how they plan on pushing the AMC price down.
It looks like Wedbush will likely, or are already, naked shorting AMC. This is an illegal practice and the SEC has ALREADY sued Wedbush for naked shorting, all they got was a small fine.
AMC Failure to Delivers also appear to be 'up significantly' but the headline is misleading as FTD's aren't really that high for October, especially compared to May & January.
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