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Bill Hwang arrested on fraud charges!
Patrick Boyle On Finance
What Are You Doing Bill?
The s c c complaint points out that from january through march of 20 21, arcego's trading of the equities of and securities base swap frequently exceeded 20 %. They go on to say that wang knew that trading in large volumes on a given day would reate upward pressure on the share prices. It's not necessarily obvious though, that this is actually market manipulation. Any one who buys a lot of stock will, of course, push up the price.
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