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 […]
On 24 May 2024, SSE issued several guidelines for listed companies. SSE issued a number of business and self-regulation guidelines for listed companies. Follows SSE April 2024 proposed 7 rules to develop the capital market. Reduction of Shareholdings SSE revised Notice by the SSE and China Securities Depository and Clearing Co., Ltd. on issuing business […]
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 […]
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.
U.S. SEC Fines for Illegal Short Selling
On 6 May 2024, FINRA fined M1 Finance $400k for short selling failures. FINRA accepted the offer of a Letter of Acceptance, Waiver, and Consent (AWC) from M1 Finance for millions of violations of Regulation SHO by marking trades long. Failed to establish and maintain a supervisory system designed to achieve compliance with Reg SHO’s […]