Of course it is because that directly affects current holders of the shares. They're closing off the market from people buying the asset these people hold. Sure

Of course it is because that directly affects current holders of the shares. They're closing off the market from people buying the asset these people hold. Sure you can sell, but what does that have to do with the fact they are causing your asset to fall in value due to direct manipulation? If this wasn't a corrupt rigging to benefit the hedge funds, they wouldn't be doing it.