The paper concluded that selling a security after a "herding event" and then buying it back five days later would deliver a 3.5% return consistently. For securities where the "herding event" was more extreme, the returns were "nearly double".
Though we have seen numerous videos of Teslas crashing on highways, catching fire spontaneously, and driving through storefronts, it's been rare we've been able to see exactly what it looks like through the eyes of Tesla's autonomous driving software.
While during the Trump administration fines and prosecutions related to white collar crime fell, lawyers anticipate it "ramping up" under a Biden administration.
“GSA’s most senior managers now know where and how Citadel makes hundreds of millions of dollars in annual revenues. They cannot forget that information, or put it out of their minds.”
It wasn't just the SEC doling out subpoenas: the company and its founder Trevor Milton also received grand jury subpoenas from the U.S. Attorney's Office for the Southern District of New York on September 19, 2020.
