Traders Informed of Hamas Attack Profited Millions by Short-Selling Israeli Stocks, Study Suggests
Two New York law professors say they identified a 'sharp and unusual' spike in short transactions prior to the Oct. 7 attack
The Israeli government is investigating claims by U.S. researchers that some stock traders may have had prior knowledge of the Oct. 7 Hamas attack on Israel and used that information to make millions of dollars by short-selling Israeli companies.
In a draft paper released on
Dec. 4, law professors Robert Jackson Jr. of New York University and
Joshua Mitts of Columbia University said they identified a "sharp and
unusual" spike in trading in "risky short-dated options" on Israeli
companies in the days leading up to the deadly Hamas invasion of Israel. ---More...
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