Securities

Recent Posts

Supreme Court to Hear Appeal of Third Circuit ‘Naked’ Short Selling Securities Suit
Posted on 30 Jun 2015 by Timothy Raub

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today agreed to hear an appeal of a Third Circuit U.S. Court of Appeals ruling remanding a securities class action lawsuit over the alleged illegal “naked” short selling of a... Read More

SEC Sanctions University Professors For Naked Short Scheme
Posted on 3 Feb 2014 by Thomas O. Gorman

Two university professors settled fraud charges brought in an SEC administrative proceeding centered on a naked short selling scheme. The scheme yielded profits of over $400,000. In the Matter of Gonul Colak, Adm. Proc. File No. 3-15712 (Jan. 3, 2014... Read More

Naked Short Selling – An Enforcement Priority
Posted on 1 Feb 2012 by Thomas O. Gorman

While insider trading typically garners all the headlines, the Commission has also brought a series of cases focused on another type of trading which also can have pernicious market effects - naked short selling. Recently, the Commission has brought... Read More