Topic: Policy Violations

SEC Fines 23 Firms for Illegal Short Selling – Lessons for All Investment Firms

“In announcing the enforcement actions, Andrew J. Ceresney, Co-Director of the SEC’s Division of Enforcement, emphasized that the Staff has ‘zero tolerance for any securities violations, including violations that do not require manipulative intent.’” (BakerHostetler) In mid-September, the Securities and Exchange Commission charged 23 investment firms with violating an SEC rule that prohibits firms from… Read more »