SEC charges two California firms with ‘improper short selling’

WASHINGTON, DC – The US Securities and Exchange Commission (SEC) has charged two California investment firms with engaging in improper short selling of securities in advance of their participation in a company’s secondary offering.
The market abuse cases against Los Angeles-based fund management firms AGB Partners and Palmyra Capital Advisors mark the first use by the US regulator of its amended Rule 105 of Regulation M, designed to prevent market manipulation.

“Rule 105 protects the pricing i

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: