On 26 November 2024, SEC settled charges against FiveT for short selling violations SEC charged FiveT Capital AG (FiveT) for buying stock in public offerings of securities for advisory clients after short selling the same stock during a prohibited period. Allegations FiveT violated SEA Rule 105 of Reg M (17 CFR 242.105) while short selling…
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About: Anna Monteiro
Recent Posts by Anna Monteiro
S Korea – FSC Revision to Short Selling Rules
On 21 November 2024, SK FSC proposed revisions to statutes on short selling. SK FSC, SK GVT proposed revisions to the Enforcement decree of the capital markets act, Regulations on financial investment business, as per revised Capital markets act. Follows SK FSC September 2024 said short sales improvements were approved. Revisions to Enforcement Decree For…
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Australia – ASIC Fines for Substantial Shareholding Reporting Failure
On 20 November 2024, AST ASIC said Mr Hatch was convicted and sentenced for failing to disclose his substantial shareholding in Copper Strike Limited and providing false information. He was sentenced to six months imprisonment, released immediately upon paying a AUD 2,000 fine; conditional release requires good behavior for 12 months. Pleaded guilty to authorizing…
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U.K. – Trading Plan for NatWest Shareholding
On 18 November 2024, UKP issued update on the disposal of £1bn worth of government-owned NatWest Group shares, representing approximately 3.2% of the company. UK GVT's remaining shareholding represents approximately 11.4% of voting rights in NatWest which demonstrates continued progress being made towards the UK GVT's intention to return its shareholding in NatWest to private…
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20 November 2024 – Australia ASIC Fines for Failure to Disclose Major Shareholdings
Australia ASIC Fines for Failure to Disclose Major Shareholdings
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26 November 2024 – U.S. SEC fines for Illegal Short Selling
U.S. SEC fines for Illegal Short Selling
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