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Israel Investigates Possible Trading Knowledge Ahead of Oct. 7 Hamas Massacre
A man runs on a road as fire burns after rockets were launched from the Gaza Strip, in Ashkelon, Israel, Oct. 7, 2023. Photo: REUTERS/Amir Cohen
Israeli authorities are investigating claims by US researchers that some investors may have known in advance of a Hamas plan to attack Israel on Oct. 7 and used that information to profit from Israeli securities.
Research by law professors Robert Jackson Jr. from New York University and Joshua Mitts of Columbia University found significant short-selling of shares leading up to the attacks, which triggered a war nearly two months old.
“Days before the attack, traders appeared to anticipate the events to come,” they wrote, citing short interest in the MSCI Israel Exchange Traded Fund (ETF) that “suddenly, and significantly, spiked” on Oct. 2 based on data from the Financial Industry Regulatory Authority (FINRA).
“And just before the attack, short selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) increased dramatically,” they wrote in their 66-page report.
In response, the TASE referred Reuters to the Israel Securities Authority, which said: “The matter is known to the authority and is under investigation by all the relevant parties.”
A spokeswoman for the securities regulator did not elaborate, and Israeli police did not immediately comment.
The researchers said short-selling, in which investors expect the share price to fall, allowing it to be bought back at a lower price at a profit, prior to Oct. 7 “exceeded the short-selling that occurred during numerous other periods of crisis.”
That includes the recession following the financial crisis in 2008, the 2014 Israel-Gaza war, and the COVID-19 pandemic.
They wrote that for Leumi, Israel‘s largest bank, 4.43 million new shares sold short over the Sept. 14 to Oct. 5 period yielded profits of 3.2 billion shekels ($862 million) on that additional short-selling.
“Although we see no aggregate increase in shorting of Israeli companies on US exchanges, we do identify a sharp and unusual increase, just before the attacks, in trading in risky short-dated options on these companies expiring just after the attacks,” they said.
“Our findings suggest that traders informed about the coming attacks profited from these tragic events, and consistent with prior literature we show that trading of this kind occurs in gaps in US and international enforcement of legal prohibitions on informed trading.”
The professors referred to patterns in early April when it was reported that Hamas was initially planning its attack on Israel. “Short volume in EIS (the MSCI Israel ETF) peaked on April 3 at levels very similar to those observed on Oct. 2, and was far higher by an order of magnitude than other days prior to April 3,” they said.
The story of the new study was first reported on Israel‘s financial news website The Marker.
($1 = 3.7120 shekels)
The post Israel Investigates Possible Trading Knowledge Ahead of Oct. 7 Hamas Massacre first appeared on Algemeiner.com.
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Lebanon Must Disarm Hezbollah to Have a Shot at Better Days, Says US Envoy
Thomas Barrack at the Brooklyn Federal Courthouse in Brooklyn, New York, U.S., November 4, 2022. Photo: REUTERS/Brendan McDermid/File Photo
i24 News – Lebanon’s daunting social, economic and political issues would not get resolved unless the state persists in the efforts to disarm Hezbollah, the Iranian proxy behind so much of the unrest and destruction, special US envoy Tom Barrack told The National.
“You have Israel on one side, you have Iran on the other, and now you have Syria manifesting itself so quickly that if Lebanon doesn’t move, it’s going to be Bilad Al Sham again,” he said, using the historical Arabic name for the region sometimes known as “larger Syria.”
The official stressed the need to follow through on promises to disarm the Iranian proxy, which suffered severe blows from Israel in the past year, including the elimination of its entire leadership, and is considered a weakened though still dangerous jihadist outfit.
“There are issues that we have to arm wrestle with each other over to come to a final conclusion. Remember, we have an agreement, it was a great agreement. The problem is, nobody followed it,” he told The National.
Barrack spoke on the heels of a trip to Beirut, where he proposed a diplomatic plan for the region involving the full disarmament of Hezbollah by the Lebanese state.
The post Lebanon Must Disarm Hezbollah to Have a Shot at Better Days, Says US Envoy first appeared on Algemeiner.com.
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Report: Putin Urges Iran to Accept ‘Zero Enrichment’ Nuclear Deal With US
Russian President Vladimir Putin meets Iranian counterpart Masoud Pezeshkian on the sidelines of a cultural forum dedicated to the 300th anniversary of the birth of the Turkmen poet and philosopher Magtymguly Fragi, in Ashgabat, Turkmenistan, Oct. 11, 2024. Photo: Sputnik/Alexander Scherbak/Pool via REUTERS
i24 News – Russian President Vladimir Putin has told Iranian leadership that he supports the idea of a nuclear deal in which Iran is unable to enrich uranium, the Axios website reported on Saturday. The Russian strongman also relayed the message to his American counterpart, President Donald Trump, the report said.
Iranian news agency Tasnim issued a denial, citing an “informed source” as saying Putin had not sent any message to Iran in this regard.
Also on Saturday, Iran’s Foreign Minister Abbas Araghchi stated that “Any negotiated solution must respect Iran’s right to enrichment. No agreement without recognizing our right to enrichment. If negotiations occur, the only topic will be the nuclear program. No other issues, especially defense or military matters, will be on the agenda.”
The post Report: Putin Urges Iran to Accept ‘Zero Enrichment’ Nuclear Deal With US first appeared on Algemeiner.com.
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Syria’s Al-Sharaa Attending At Least One Meeting With Israeli Officials in Azerbaijan
Syrian President Ahmed al-Sharaa speaks during a joint press conference with French President Emmanuel Macron after a meeting at the Elysee Palace in Paris, France, May 7, 2025. Photo: REUTERS/Stephanie Lecocq/Pool
i24 News – Syrian President Ahmed Al-Sharaa is attending at least one meeting with Israeli officials in Azerbaijan today, despite sources in Damascus claiming he wasn’t attending, a Syrian source close to President Al-Sharaa tells i24NEWS.
The Syrian source stated that this is a series of two or three meetings between the sides, with Syrian Foreign Minister Asaad al-Shaibani also in attendance, along with Ahmed Al-Dalati, the Syrian government’s liaison for security meetings with Israel.
The high-level Israeli delegation includes a special envoy of Israeli Prime Minister Netanyahu, as well as security and military figures.
The purpose of the meetings is to discuss further details of the security agreement to be signed between Israel and Syria, the Iranian threat in Syria and Lebanon, Hezbollah’s weapons, the weapons of Palestinian militias, the Palestinians camps in Lebanon, and the future of Palestinian refugees from Gaza in the region.
The possibility of opening an Israeli coordination office in Damascus, without diplomatic status, might also be discussed.
The source stated that the decision to hold the meetings in Azerbaijan, made by Israel and the US, is intended to send a message to Iran.
The post Syria’s Al-Sharaa Attending At Least One Meeting With Israeli Officials in Azerbaijan first appeared on Algemeiner.com.