Sweden FI Fines Voleon Capital for Late Short Selling Disclosure
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23 March 2022: Sweden FI Fines Lazard for Late Substantial Shareholding Disclosure
Sweden FI Fines Lazard for Late Substantial Shareholding Disclosure
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U.S. – Senate Bill to Report Investments in China
On 7 April 2022, Senate introduced bill re US portfolio investments in China. Senate introduced S.4051, a bill to require an annual report on United States portfolio investments in the People's Republic of China, and for other purposes; text is pending.
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U.S. – DoJ Sham Fortune 500 Takeover Bid
On 5 April 2022, DoJ, SEC issued charges re $14 billion tender offer fraud. DoJ charged Melville ten Cate with tender offer fraud, securities fraud, and wire fraud in connection with several schemes on behalf of his company, Xcalibur Aerospace Ltd. Schemes include fraud tender offer worth over $14bn, arising from ten Cate's allegedly sham…
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Australia – Gvt Foreign Investment Reforms
On 4 April 2022, AST GVT released its response to the final report of the Senate's inquiry into foreign investment proposals which was published in August 2021. Response highlights that 2021 foreign investment reform package gave a legislative basis for GVT to accept/enforce undertakings made by investors to address concerns. Package also allowed increased number…
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Sweden – FI Fines Voleon Capital for Late Short Selling Disclosure
On 30 March 2022, SWE FI ordered capital manager firm to pay SEK 100,000. SWE FI imposed a special fee of SEK 100k on Voleon Capital Management LP after late short selling took place in Oasmia Pharmaceutical AB and Catena Media plc shares. Voleon failed to correctly notify SWE FI that the firm's short net…
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