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Posted On: 06/12/2023 5:05:07 PM
Post# of 32973
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SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
Washington D.C., June 12, 2023 —The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative trading, that generated more than $2 million in illegal profits.
https://www.sec.gov/news/press-release/2023-107
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
Washington D.C., June 12, 2023 —The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative trading, that generated more than $2 million in illegal profits.
https://www.sec.gov/news/press-release/2023-107
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