Hedge funds have been prosecuted for this before. This might be the first time they got it back at them tho.
The redditors should be ok. Investing is fine, naked shorting is illegal. The fund was shorting naked so it will be tough to say they were innocent victims.
Hedge funds have been prosecuted for this before. This might be the first time they got it back at them tho.
The redditors should be ok. Investing is fine, naked shorting is illegal. The fund was shorting naked so it will be tough to say they were innocent victims.