Investor: Carson Block

CEO, People

Carson Block  (Block grew up in Summit, New Jersey, and holds a law degree from Chicago-Kent College of Law.

Mr Block went to work with his father, a period he describes as “very embittering” as he was “lied to by a parade of management” of internet companies. He quit equity analysis for law school, later moving to Shanghai before leaving law and setting up the self-storage business in 2007. Continue reading “Investor: Carson Block”

Article: The Dark Money Secretly Bankrolling Activist Short- Sellers — and the Insiders Trying to Expose It

Article - Media

The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Michelle Celarier

Institutional Investor, 30 November 2020

More than a dozen short-sellers interviewed by Institutional Investor in an effort to penetrate this murky terrain say there are numerous players and various permutations of the model that may involve the sharing of ideas and research along with either a cut of the gains on the short trade or a set fee. In fact, some short-sellers believe that almost all of the activists have such backing — even those running small hedge funds themselves.

Article: Short selling tests China’s zeal for market reform

Article - Media, Publications

Short selling tests China’s zeal for market reform

Samuel Shen, Alun John, 19 June 2020

As the novel coronavirus swept the world this year, Chinese hedge fund manager Yuan Yuwei made lucrative short-selling bets against stocks such as New York-listed Starbucks Corp SBUX.O, Yum China Holdings Inc YUMC.N and Walt Disney Co DIS.N. At home, he barely bothered. “Short-selling is too inefficient in China. Either there are no available stocks to borrow, or it takes too long,” said Yuan, who runs a global macro fund for Olympus Hedge Fund Investments.

Short sellers sell borrowed shares in the hope of buying them back when prices fall and pocketing the difference. Those such as Carson Block of Muddy Waters and Dan David of Wolfpack Research have made their name shorting Chinese stocks but, like Yuan, their bets have been against stocks in New York or Hong Kong, not Shanghai or Shenzhen. Continue reading “Article: Short selling tests China’s zeal for market reform”

Subject: Jeffrey Block

Subject of Interest

Jeffrey Block is a founding partner of Block & Leviton LLP. He graduated from Brooklyn Law School, J.D. ’86, cum laude and State University of New York at Albany, B.A. in Political Science, cum laude. His practice areas include Corporate Governance and Litigation. His bar admissions are: Supreme Court of the United States, U.S. Courts of Appeals for the First, Second, Third, Ninth and Eleventh Circuits, Commonwealth of Massachusetts, State of New York, U.S. District Court for Massachusetts, U.S. District Court for the Southern District of New York, and U.S. District for the Eastern District of New York.


Block & Leviton LLP


Web: SEC Charges optionsXpress and Five Individuals Involved in Abusive Naked Short Selling Scheme


SEC Charges optionsXpress and Five Individuals
Involved in Abusive Naked Short Selling Scheme

SEC, 16 April 2012

The SEC’s Division of Enforcement alleges that Chicago-based optionsXpress failed to satisfy its close-out obligations under Regulation SHO by repeatedly engaging in a series of sham “reset” transactions designed to give the illusion that the firm had purchased securities of like kind and quantity. The firm and customer Jonathan I. Feldman engaged in these sham reset transactions in a number of securities, resulting in continuous failures to deliver. Regulation SHO requires the delivery of equity securities to a registered clearing agency when delivery is due, generally three days after the trade date (T+3). If no delivery is made by that time, the firm must purchase or borrow the securities to close out the failure-to-deliver position by no later than the beginning of regular trading hours on the next day (T+4).

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