Loading ...Traders made (hundreds of) millions shorting Israeli companies before October 7 attack
Israeli authorities are investigating claims that some traders may have known about Hamas attacks before they happened
The report by law professors Robert J. Jackson Jr. of New York University School of Law (NYU Law) and Joshua Mitts of Columbia Law School found a sharp rise in short-selling of Israeli stocks in the weeks leading up to the attack, in which thousands of Hamas gunmen stormed the border, murdering 1,200 people, wounding more than 5,000 and taking 240 hostages back to the Gaza Strip.
“Days before the attack, traders appeared to anticipate the events to come,” they wrote in a 66-page report. They cited a sudden and significant spike in short interest in the MSCI Israel Exchange Traded Fund (ETF) on Oct. 2 based on data from the Financial Industry Regulatory Authority (FINRA).
“And just before the attack, short selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) increased dramatically.”
Another similarity to 9/11.
Yes. I never heard of the SEC nor stock exchange officials doing any clawbacks or calling in the people behind those brokerage accounts back then. It just goes to show you that when some poor nobody gets tipped off by a friend or relative they hunt him or her down, disgorge their gains and sometimes put them in jail. When international terrorists or some highly connected political person does this, they usually get away with it and the profits. The PTB don’t want the public to know that they knew the attack(s) were coming and or the big wig involved is too influential to go after.
We know how the game works, so why is this a surprise?
Didn’t see anyone say it was a surprise. Just commenting on facts.