Michael Burry says he was subpoenaed by the SEC as GameStop saga drags on

0 8
Famed investor Michael Burry revealed on Twitter that he received a subpoena from the Securities and Exchange Commission in connection with its investigation into GameStop, a wildly speculative stock that the "Big Short" trader once bet on."So, who got an SEC subpoena over $GME? Actually, I know who, they're on my subpoena. With all that's going on in the world…" Burry said in a now-deleted tweet on Friday. He attached a copy of the SEC letter dated Sept. 21.Burry, who leads Scion Asset Management, shot to fame by betting against mortgage securities before the 2008 crisis. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie.The hedge fund manager had been trading GameStop shares and publicly commenting on the meme stock for the past few years. At the end of 2018, Burry first revealed a $6.8 million position in the video game retailer, according to InsiderScore.com. Over the next few quarters, the investor trimmed, exited and reen
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade