Month: October 2018

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Article: INVENTIVA to Participate in the “ROTH Battle of the NASH Thrones Investor Conference”

Article - Media, Publications

INVENTIVA to Participate in the “ROTH Battle of the NASH Thrones Investor Conference”

Yahoo Finance, 12 October 2018

Daix (France), October 12, 2018 – Inventiva S.A. (“Inventiva” or the “Company”), a biopharmaceutical company developing innovative therapies in nonalcoholic steatohepatitis (NASH), systemic sclerosis (SSc) and mucopolysaccharidosis (MPS), today announced that Pierre Broqua, Chief Scientific Officer and co-founder of Inventiva, will participate in the upcoming “ROTH Battle of the NASH Thrones Investor Conference” being held on October 17, 2018 at the Park Hyatt New York hotel, New York, USA.

Pierre Broqua will be speaking in the panel entitled “House of PPARs vs. House of THR-beta”, one of the conference`s four panel discussions covering topics currently at the forefront of drug development in NASH.

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Article: Russian Whistleblower Assassinated After Uncovering $200 Billion Dirty-Money Scandal

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Russian Whistleblower Assassinated After Uncovering $200 Billion Dirty-Money Scandal

Nico Hines, 10 October 2018

A crusading Russian official traveled to Estonia in the summer of 2006 to warn the authorities that an unprecedented money-laundering scheme had been established in the tiny Baltic financial sector. The scam he had uncovered would go on to become the biggest dirty-money operation in history: the $200 billion Danske Bank scandal.

Three months after Andrei Kozlov, the first deputy chairman of the Russian Central Bank, tried to raise the alarm, he was dead. Continue reading “Article: Russian Whistleblower Assassinated After Uncovering $200 Billion Dirty-Money Scandal”

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Article: Goldman Sachs may face $1.76 mn fine for naked short selling

Article - Media, Publications

Goldman Sachs may face $1.76 mn fine for naked short selling

 Jin Young-tae and Choi Mira, 10 October 2018

The U.S. investment banking giant Goldman Sachs could face a fine of up to 2 billion won ($1.76 million) by the South Korean financial authorities for conducting more than 100 naked short selling transactions banned by the Korean law.

This would be the biggest fine to be slapped for a financial institution in short-sale transactions in the country.

According to sources from the investment banking industry on Tuesday, the financial authority decided to impose a 2 billion won fine on Goldman Sachs for illegally shorting more than 100 local stocks on May 30, and will submit its finding to the top decision-making Securities & Futures Commission of the Financial Services Commission (FSC) within this week. Continue reading “Article: Goldman Sachs may face $1.76 mn fine for naked short selling”

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Fined: UBS Financial Services Inc. Fined by FINRA

Fined

UBS Financial Services Inc. Fined by FINRA

5 October 2018

An AWC was issued in which the firm was censured and
fined $50,000. Without admitting or denying the findings, the firm consented
to the sanctions and to the entry of findings that it failed to report to the Trade
Reporting and Compliance Engine® (TRACE®) transactions in TRACE-Eligible
Agency Debt Securities and in TRACE-Eligible Securitized Products within the
time permitted under FINRA Rule 6730(a).

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Article: ‘Despondent’ Musk’s Tesla resembles Lehman, Greenlight’s Einhorn says

Article - Media

‘Despondent’ Musk’s Tesla resembles Lehman, Greenlight’s Einhorn says

Jennifer Ablam, Jonathan Stempel

Reuters, 5 October 2018

Hedge fund manager David Einhorn lambasted Tesla Inc (TSLA.O) and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 collapse.

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Article: ‘Sure would be quite the story if a Major Broker Dealer is Naked Shorting $OSTK . Where oh where is all the volume in the stock coming from if there is less than 15 million shares in the Float. Lets see how this plays out’ -Short Seller Marc Cohodes Tweets

Article - Media, Publications

‘Sure would be quite the story if a Major Broker Dealer is Naked Shorting $OSTK . Where oh where is all the volume in the stock coming from if there is less than 15 million shares in the Float. Lets see how this plays out’ -Short Seller Marc Cohodes Tweets

Benzinga Newsdesk , Benzinga Staff Writer , 04 October 2018

This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about on Benzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading. Continue reading “Article: ‘Sure would be quite the story if a Major Broker Dealer is Naked Shorting $OSTK . Where oh where is all the volume in the stock coming from if there is less than 15 million shares in the Float. Lets see how this plays out’ -Short Seller Marc Cohodes Tweets”

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Article: Manulife clashes with short seller Muddy Waters over lawsuit outcome

Article - Media, Publications

Manulife clashes with short seller Muddy Waters over lawsuit outcome

RJ Dumaual, 04 October 2018

Manulife Financial Corp. rejected a short seller’s statements that the company could lose billions of dollars if it loses a lawsuit concerning a universal life policy issued in the 1990s. Hedge fund Mosten Investment LP sued Manulife, claiming that it should be able to deposit as much capital as it can with the Canadian insurer and reap at least 4% in annual interest due to an insurance contract signed in 1997, Bloomberg News reported.

Muddy Waters Capital LLC disclosed a short position in Manulife and said in a report that the insurer is facing billions in losses, Bloomberg reported. Muddy Waters founder Carson Block expects a verdict in 2018. Holders of the policies were allowed to invest in side accounts with guaranteed rates of up to 4%, according to Canada’s Financial Post. The policies were issued at a time of high interest rates and could be profitable for firms amid a low rate environment.
Continue reading “Article: Manulife clashes with short seller Muddy Waters over lawsuit outcome”

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Fined: CIM Securities, LLC Fined by FINRA

Fined

CIM Securities, LLC Fined by FINRA

3 October 2018

A Letter of Acceptance, Waiver and Consent (AWC) was
issued in which the firm was censured and fined $15,000. Without admitting
or denying the findings, the firm consented to the sanctions and to the
entry of findings that it failed to comply with its obligations to review,
approve, document and supervise private securities transactions by three
of its registered representatives.

Read full report.

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