{"id":4635,"date":"2008-07-21T09:05:50","date_gmt":"2008-07-21T09:05:50","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/07\/sec_subpoenas_over_50_hedge_fu"},"modified":"2020-01-07T17:29:45","modified_gmt":"2020-01-07T23:29:45","slug":"sec-subpoenas-over-50-hedge-fu","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-subpoenas-over-50-hedge-fu\/","title":{"rendered":"SEC Subpoenas Over 50 Hedge Fund Advisors in Probe of Whether Stock Price Manipulation Affected Bear Stearns and Lehman Brothers Shares"},"content":{"rendered":"

The Securities and Exchange Commission has subpoenaed over 50 hedge fund advisors, including SAC Capital Advisors, Goldman Sachs Group Inc., and Citadel Investment Group, as part of its probe into whether rumors affected the shares of Bear Stearns and Lehman Brothers.<\/p>\n

The SEC is looking for information related to options trading and short-selling involving the two investment firms. The subpoenas are part of a wider investigation about trades in bank securities and the communications between the hedge funds and others. The SEC has reassured the parties being subpoenaed that they are not necessarily direct targets of the probe.<\/p>\n

Last week, regulators announced that they are investigating whether certain managers had spread rumors to cause share prices to drop. Investigators are also trying to figure out whether correct policies and training procedures had been put in place to detect market manipulation.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission has subpoenaed over 50 hedge fund advisors, including SAC Capital Advisors, Goldman Sachs Group Inc., and Citadel Investment Group, as part of its probe into whether rumors affected the shares of Bear Stearns and Lehman Brothers. The SEC is looking for information related to options trading and short-selling involving the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3807,3752,3754,3824],"tags":[],"class_list":["post-4635","post","type-post","status-publish","format-standard","hentry","category-bear-stearns","category-financial-firms","category-goldman-sachs-1","category-lehman-brothers"],"yoast_head":"\nSEC Subpoenas Over 50 Hedge Fund Advisors in Probe of Whether Stock Price Manipulation Affected Bear Stearns and Lehman Brothers Shares — Investor Lawyers Blog — July 21, 2008<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has subpoenaed over 50 hedge fund advisors, including SAC Capital Advisors, Goldman Sachs Group Inc., and Citadel — July 21, 2008\" \/>\n<meta name=\"robots\" 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