Notes on David Einhorn: The Predator in a Cute T-Shirt
DeepCapture, 10 June 2010
I received an email a while back from Jim Brickman, a crony of short selling hedge fund manager David Einhorn, demanding that I post the Securities and Exchange Commission inspector general’s report on the commission’s investigation of Allied Capital. According to Brickman, the report proves that Einhorn was right about Allied being a massive fraud. Moreover, says Brickman, the report definitively establishes that Einhorn did not seek to drive down Allied’s stock price. The report, which I gladly post below, does nothing of the sort. I will discuss the report in further detail, but first a little history.
Read full article.
Goldman Sachs to pay $450,000 fine for illegal short-selling
Mark Sands, 02 June 2010
NEW YORK – Goldman Sachs has been condemned by the Securities and Exchange Commission (SEC) and NYSE Regulation for failing to implement controls to comply with regulations against ‘naked’ short-selling between September 2008 and January 2009. Goldman was also fined over allegations that it took part in illegal naked shorting. Continue reading “Article: Goldman Sachs to pay $450,000 fine for illegal short-selling”
China INSOnline Corp. to Aggressively Combat Naked Short Sales of Company’s Common Stock
PRNewswire, 01 June 2010
China INSOnline Corp. (Nasdaq: CHIO), which operates http://www.soobao.cn , one of China’s leading insurance services web portals, today declares its intention to aggressively combat naked short selling of the Company’s common stock and protect its shareholder’s interests. This is expected to improve stability in the value of its stock and improve long-term investor confidence in the market.
Today the company’s suspicions were confirmed when NASDAQ OMX published the results on the short list under the regulation SHO Threshold Security List. Continue reading “Article: China INSOnline Corp. to Aggressively Combat Naked Short Sales of Company’s Common Stock”