Insider Trading Probe: U.S. Researchers Unearth Suspicious Trades Before Hamas Attack on Israel
Israeli authorities are looking into allegations of insider trading prior to a recent Hamas attack, following US researchers' discovery of significant short-selling activities beforehand.
Israeli authorities are currently investigating claims made by U.S. researchers regarding potential insider trading before a Hamas attack on Israel earlier this month. Law professors Robert Jackson Jr. from New York University and Joshua Mitts of Columbia University discovered significant short-selling of shares leading up to the attacks, which sparked a war that is now almost two months old.
Insider trading on Israel terror attacks. The financial regulatory authorities have the ability to find out who placed exactly which trades. They should. https://t.co/UustLubKEr
— EnlightenedBaka (@EnlightenedBak2) December 4, 2023
The researchers found that just days before the attack, traders seemed to anticipate the upcoming events, as evidenced by short interest in the MSCI Israel Exchange Traded Fund (ETF) that spiked on October 2. Additionally, short selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) dramatically increased right before the attack.
