Millennium Settles Charges of Illegal Short Selling in Advance of Stock Offerings
FOR IMMEDIATE RELEASE 2017-203
Washington D.C., Oct. 31, 2017 —
Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings.
By illegally purchasing shares in the follow-on offerings, Millennium reaped $286,889 in illicit profits.
Comment: $10 Billion Hedge Fund caught stealing They all do this. If they get caught they should do JAIL TIME, no more paying pennies while stealing MILLIONS. Notice how SEC does not provide names of companies being abused — SEC is COMPLICIT.
