MuddyWatersResearch Tweets 'Friday $DLO issued an angry press release denying being investigated by Argentina for illegal FX movements. Yesterday Sergio F clarified to Reuters there is an "information request" (with a 6/6 deadline).'
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MuddyWatersResearch tweeted that dLocal ($DLO) issued a press release denying being investigated by Argentina for illegal FX movements. However, co-founder Sergio F clarified to Reuters that there is an 'information request' with a 6/6 deadline.
May 31, 2023 | 1:35 pm
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dLocal ($DLO) faces an 'information request' from Argentina regarding illegal FX movements, despite denying being investigated.
dLocal ($DLO) is directly mentioned in the tweet and article. The company denied being investigated by Argentina for illegal FX movements, but its co-founder confirmed there is an 'information request' with a 6/6 deadline. This news could negatively impact the company's stock price in the short term, as it raises concerns about potential regulatory issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100