On 19 October 2023, SEC settled short selling charges against Anson Advisors. SEC settled charges against Canadian Anson Advisors for violations of the SEC’s short selling rule, Rule 105 of Regulation M (17 CFR 242.105) under the Exchange Act. Allegations Anson purchased stock in three public offerings for private fund clients after selling short the […]
On 15 October 2023, the FSS released its intentions to strengthen short selling measures. This follows a review conducted by the FSS into short selling activity. Expand short selling investigations into major global IBs. Closely cooperate with overseas supervisory authorities in order to redress illegal short selling by overseas financial investment companies. Strengthen inspections on […]
U.S. SEC Fines For Short Selling Violations
On 2 October, the PSE Guidelines on short selling transactions became effective following regulatory approval of critical components of securities borrowing and lending and subject to the official launch of the Short Selling Program and the related system by the PSE. PSE is set to launch their short-selling program with the target date of 23 […]
On 15 October 2023, SK FSS issued a plan re illegal short selling by global IBs. SK FSS announced investigation results re illegal short selling by two global investment banks (IBs) as well as its future plan to prevent reoccurrence. Investigation Results Found that two Hong Kong-based global IBs providing prime brokerage services have conducted […]
On 13 October 2023, following an open meeting, the SEC confirmed in a press release, the adoption of new rules to enhance short selling disclosures namely: Rule 13f-2 requiring institutional investment managers that meet certain reporting thresholds to report on Form SHO short positions and short activity data for equity securities. Certain of this data will […]