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The DOJ Subpoenaed Amazon, Microsoft and JPMorgan Over Short-Selling

By  |  September 12, 2022

The US Department of Justice (DOJ)has subpoenaed some short sellers for trading information on firms including Amazon, Microsoft and JPMorgan Chase, as part of a short-selling probe, Bloomberg News reported on Monday.

The DOJ sent subpoenas over the past few months seeking details on transactions in several blue-chip stocks, according to the report that cited people familiar with the matter.

The DOJ last year also issued subpoenas to dozens of firms, including Citron Research and Muddy Waters Research LLC, as it probes potentially manipulative trading around negative reports on listed companies published by some of their investors.

The US securities regulator has also said it has been considering measures that require big investors to disclose more about short positions, or bets that stocks will fall, and the use of derivatives to speculate on stock moves.