U.S. Justice Department, SEC Have Closed Probes Into Short Seller Carson Block Without Action, Sources Say
Portfolio Pulse from Benzinga Newsdesk
The U.S. Justice Department and the SEC have closed their investigations into short seller Carson Block without taking any action, according to sources.
August 12, 2024 | 4:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The closure of the Justice Department and SEC probes into Carson Block without action may reduce regulatory uncertainty, potentially stabilizing market sentiment.
The closure of these high-profile investigations without any action may reduce regulatory uncertainty, which can have a stabilizing effect on market sentiment. This is likely to have a positive short-term impact on broad market indices like SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50