Article: SEC Charges Investment Adviser and Associated Individuals with Causing Violations of Regulation SHO

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SEC Charges Investment Adviser and Associated Individuals with Causing Violations of Regulation SHO

Washington D.C., Aug. 17, 2021

The Securities and Exchange Commission today announced settled charges against Murchinson Ltd.; its principal, Marc Bistricer; and its trader, Paul Zogala (the respondents), for providing erroneous order-marking information that caused executing brokers to violate Regulation SHO. In addition, Murchinson and Bistricer settled charges for causing a dealer to fail to register with the SEC.

According to the SEC’s order, from June 2016 through October 2017, the respondents provided erroneous order-marking information on hundreds of sale orders of their hedge fund client to the hedge fund’s brokers, causing those brokers to mismark the hedge funds’ sales as “long.” The order finds that in providing the inaccurate information, the respondents also caused the hedge fund’s brokers to fail to borrow or locate shares prior to executing the sales.

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Article: Mad Mail: Cramer Talks Naked Short Selling

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Mad Mail: Cramer Talks Naked Short Selling

Tom Brennan, 28 July 2009

Cramer says: “Senator Kaufman (of Delaware) was on … he called for exactly this issue on the naked shorting … I thought that was great. That was a good first step. And they have not defeated the uptick rule. Let’s hope they go and roll everything back. There’s lots of chatter that says it doesn’t matter. These are people who have never traded before. If you traded before, you know that it slows things down, gives the market a chance to catch its breath. And that’s what we want.”

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Article: A Solution to Naked Short Selling?

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A Solution to Naked Short Selling?

Tom Brennan, 23 July 2009

Cramer has railed against naked short selling throughout the entire credit crisis. And he’s been quick to blame the collapse of at least a couple of the market’s bellwether companies on the traders who do it. Luckily for the rest of us, it looks like a group of US senators have found a solution to the problem.

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