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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...
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...
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...