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…
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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…
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19 September 2024 – U.S. SEC Fines for Breach of Short Selling Rules
U.S. Fines for Breach of Short Selling Rules
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Taiwan – SET Revised Regulations to Enhance Supervision Re: Short Selling
On 21 June 2024, Thai SET revised regulations (re: short selling) to enhance supervision. Thai SET revised regulations to enhance supervision, covering short selling, high-frequency trading (HFT), disclosure of investors with inappropriate trading behavior. Document dated 21 June 2024, received from Thai SEC 13 September 2024. Revisions Criteria for market capitalization increased; the average monthly…
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12 September 2024 – Hong Kong SFC Fines for Fraud through Illegal Short Selling
Hong Kong Fines for Fraud through Illegal Short Selling
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Hong Kong – SFC Trial For Illegal Short Selling
On 12 September, the Hong Kong regulator, SFC set the trial date for 4 individuals who committed securities fraud through illegal short selling. Between 23 June 2020 and 9 September 2020, it is alleged that the four defendants deceived an account executive at CVP Securities Limited (CVP) on several occasions by falsely claiming ownership of…
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