FCA investigating Burford Capital market manipulation claims
The Financial Conduct Authority (FCA) is investigating claims of "illegal market manipulation" of Burford Capital's share price after an attack by US short-seller Muddy Waters saw it plummet by more than 50%.
Burford said its investigation found evidence of "spoofing" and "layering"
The Financial Conduct Authority (FCA) is investigating claims of "illegal market manipulation" of Burford Capital's share price after an attack by US short-seller Muddy Waters saw it plummet by more than 50%.
On 6 August, Muddy Waters posted a tweet stating that at "8 am London time" the next day "we will announce a new short position on an accounting fiasco that's potentially insolvent and possibly facing...
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