Saturday, March 8, 2014

SEC Announces $7.2 Million for Rule 105 Short Selling Violations

Securities Lawyer 101 Blog On March 5, 2014, the Securities and Exchange Commission announced the largest-ever monetary sanction for Rule 105 short selling violations as a Long Island-based proprietary trading firm and its owner agreed to pay $7.2 million to settle charges. Rule 105 prohibits short selling of an equity security during a restricted period – generally five business days... Read More
http://www.securitieslawyer101.com/rule-105/

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