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: UBS fined in U.S. over improper short sales

Article - Media

UBS fined in U.S. over improper short sales

Jonathan Stempel

Reuters, 25 October 2011

In the largest penalty of its type, Swiss bank UBS AG was fined $12 million by a U.S. brokerage regulator over its “systemic” failure to properly handle millions of short-sale orders.

The Financial Industry Regulatory Authority said violations by the bank’s UBS Securities LLC broker-dealer unit caused the orders to be mismarked or filled without reasonable grounds to believe the underlying securities could be located.

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