On 11 June 2024, the SEC announced charges against activist short selling hedge fund. SEC fined Anson Funds Management, LP and Anson Advisors, Inc. in connection with their work with activist short selling publishers who issued articles presenting bearish views of target securities. Anson Advisors agreed to pay civil money penalties of $1,000,000, and Anson…
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S Korea – FSC Extends Short Selling Ban
On 13 June 2024, the FSC extended its ban on short selling through 30 March 2025. Set in November 2023, the ban on short selling was to expire on 30 June 2024. FSC states that it is committed to establishing a naked short selling detection system at the KRX.
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12 June 2024 – Norway FI Fines for Illegal Short Selling
Norway Fines for Illegal Short Selling
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11 June 2024 – U.S. SEC Fines for Misleading Disclosures Related to Short Selling
U.S. Fines for Misleading Disclosures Related to Short Selling
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U.A.E – DC Securities Lending, Borrowing Re: Short Selling
On 5 June 2024, UAE DC issued securities lending and borrowing rules version 2.3. Added securities may be lent by professional investor whenever he is a foreign entity licensed by equivalent regulatory authority or foreign banking supervisory authority. When lending to its professional investor clients and from its own account, provided this is under international…
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U.K. Takeovers Get Short Sellers Caught Out
The Financial Times has reported that a slew of takeover bids in UK Companies has some hedge funds on the wrong side of short selling. Millennium, GLG, and Gladstone are a few hedge funds that were short selling UK companies that are now part of takeover bids. Takeover bids have sent the share price of…
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