U.S. Fines for Breach of Short Selling Rules
Read more
U.S. SEC – Fines For Illegal Short Selling
On 19 September 2024, SEC settled charges re Rule 105 short selling violations. SEC settled with Gates Capital Management, Inc. re Rule 105 short selling violations. Bought stock in securities offering for fund clients after shorting same for fund clients. Alleged Violations 30 August through 1 September 2023, Gates Capital sold short 90k ROL shares…
Read more
20 September 2024 – U.S. SEC Seeks to Fine Musk for Failure to Report Major Shareholding
U.S. Seeks to Fine Elon Musk for Failure to Report Major Shareholding
Read more
E.U. – ESMA Short Selling Non-Listed Shares FAQ
On 17 September 2024, ESMA issued FAQ on determination of net short position. ESMA issued new FAQ concerning the Short Selling Regulation (SSR Reg 236/20212). Determination of Net Short Position Q: ESMA_QA_2282 Asks, when calculating net short positions in relation to issuers having both listed and non listed shares, should the issued share capital also…
Read more
19 September 2024 – U.S. SEC Fines for Breach of Short Selling Rules
U.S. Fines for Breach of Short Selling Rules
Read more
Japan – FSA Proposed Revisions Proprietary Trading (incl. Takeovers)
On 13 September 2024, JPN FSA proposed revisions re proprietary trading system. JPN FSA proposed revisions to cabinet orders and cabinet office ordinances with regard to the Financial instruments and exchange act (FIEA) enacted on 22 May 2024. Follows JPN FSA December 2022 issued 2nd interim report of market system working group. Also follows JPN…
Read more