On 20 May 2024, SEC reported settlment with Kershner for Rule 105 fails. SEC settled charges against Kershner Trading Americas, LLC (Kershner), for violating SEC short selling rule, when it purchased stock in 23 public offerings after shorting stock. This was during a time period when the SEC rule prohibited those purchases. Allegations The SEC’s…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
The Grey Area of US SEC Rule 13f-2: Short Position Reporting
By now, we all know the ins and outs of US SEC Rule 13f-2: What: short position reporting for institutional investment managers Who: institutional investment managers Read the full article.
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Netherlands – ACM Takeover of RTL by DPG
On 17 May 2024, NLD ACM said more investigation needed into takeover. NLD ACM informed that more investigation is needed into the takeover of RTL by DPG. Follows NLD ACM January 2023 rejection of RTL takeover of Talpa. Main Concerns The acquisition would create a media company with a wide range of television, video streaming,…
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Hong Kong – Updates to Takeover Offer Tables
On 21 May 2024, the SFC updated the takeover offer tables. Takeover Offer period for Tonking New Energy Group Holdings Limited (Stock Code: 8326) closed. Takeover Offer period for Holly Futures Co., Ltd. (Stock Code: 3678) closed. Takeover new offer period has commenced for Hong Kong Technology Venture Company Limited (stock code: 1137) from 22…
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Australia – GVT on ASIC Derivative Clearing Re: Takeovers
On 14 May 2024, AST GVT registered an amendment and repeal instrument. AST GVT registered ASIC corporations (amendment and repeal) instrument 2024/229. As per explanatory statement, it repeals instruments which no longer have any legal effect, but would otherwise continue to be identified as in force until their sunset date. Repeals The instrument repeals ASIC…
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Kuwait – CMA Fines for Disclosure and Transparency Violations
On 13 May 2024, KUW CMA fined firm for disclosure, and transparency violation. KUW CMA issued Disciplinary Resolution 76 of 2023 against The Building Company. Imposed a financial penalty against company for violating disclosure and transparency rules of Module 10 of Executive Regulations of Law No. 7 of 2010 and its amendment. Violations Violated provisions…
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