Israeli Authorities Investigating Insider Trading Allegations Related to Hamas Attack

Investigation Launched into Alleged Profiteering from Hamas Attack

By [Journalist Name], Contributing Writer

Israeli authorities have launched an investigation into allegations that certain investors may have been aware of and profited from the surprise attack on Israel by the Islamist organization Hamas on October 7. The claims were brought to light by a US investigator, and it has been reported that stocks were unusually low just prior to the attack.

Professor Robert Jackson Jr. of New York University and Joshua Mitts of Columbia University have pointed to a significant increase in short selling of the MSCI Israel Exchange Traded Fund (ETF) on October 2, according to data from the US Financial Services Industry Regulatory Authority (FINRA). It is suggested that some traders may have been anticipating the attack well in advance.

In response to these allegations, the Israel Securities Authority confirmed that an investigation is underway, and the Tel Aviv Stock Exchange has been contacted for further details. The Israeli police have yet to issue a statement on the matter.

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Israeli authorities are investigating claims by a US investigator that some investors may have known about and profited from the surprise attack on Israel on October 7 by the Islamist organization Hamas. Photograph taken in November 2020 (2023 Reuters / Amir Cohen)

[エルサレム ４日 ロイター] – The Israeli authorities will investigate claims by a US investigator that some investors may have known about the surprise attack on Israel on October 7 by the Islamic organization Hamas and profited from it. It turns out that we are making progress .

Professor Robert Jackson Jr. of New York University and Joshua Mitts of Columbia University note that stocks were very low before the October 7 attack.

The report cited a sudden and significant increase in short selling of the MSCI Israel Exchange Traded Fund (ETF) on October 2, based on data from the US Financial Services Industry Regulatory Authority (FINRA). “Some traders may have been anticipating the coming event well in advance.” He also noted that short selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) had increased sharply shortly before the surprise attack.

The Tel Aviv Stock Exchange asked Reuters to contact the Israel Securities Authority. “The authorities are aware of this matter and all parties involved are conducting an investigation,” the Securities Agency said. However, the details were not disclosed.

The Israeli police could not be reached for comment.

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