Senate GOP candidate accused of shorting stock of his own state's companies

While leading his hedge fund, Republican candidate for the U.S. Senate in Pennsylvania, David McCormick, shorted the stock of Pennsylvania's own companies, CNN reported Wednesday.

McCormick was the CEO of Bridgewater Associates, one of the world's largest hedge funds. During his time at the helm, he "shorted the stocks of nearly 50 companies headquartered in Pennsylvania," CNN reported.

While many people buy stocks hoping that they'll go up, some do the opposite.

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