What a Short-Seller’s Conviction Might Mean for Wall St.
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A short seller has been convicted of securities fraud, which may have implications for wall street. The conviction is reportedly spooking other short sellers and market professionals, who warn that it could lead to a decrease in activity in the industry. The case is seen as potentially setting a precedent for what short sellers are allowed to say, with some wondering who might be next to face similar scrutiny.
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