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Anson Funds, a Toronto-based hedge fund, has agreed to pay $2.25 million to settle charges with the U.S. Securities and Exchange Commission (SEC) over its short-selling practices. The SEC's investigation revealed that Anson Funds, along with Moez Kassam, had secretly paid $1.1 million to activist short sellers, including Citron Research, for publishing negative reports on companies such as Namaste and India Global. The hedge fund reportedly made $4 million from these activities. Despite the fine, the SEC did not name the researcher involved, believed to be Andrew Left of Citron Research, nor did it address whether market manipulation was found.
"'The implication of this action is that the SEC sees no problem with ‘balance sheet arrangements’ under which funds pay activist short sellers for advance copies of reports,' said one short seller." I didn't see where the SEC was asked to comment on this in this piece. https://t.co/CM1gB860Mp
"'The implication of this action is that the SEC sees no problem with ‘balance sheet arrangements’ under which funds pay activist short sellers for advance copies of reports,'” said one short seller." I didn't see where the SEC was asked to comment on this in this piece. https://t.co/CM1gB86yBX
Anson Funds Settles With SEC in Long-Running Short Seller Probe https://t.co/aD3FLojjnW https://t.co/H0KkGIHpJz
