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SEC Cracks Down on a Particular Brand of Short Selling
A New York law firm is warning clients that the Securities & Exchange Commission is toughening up its enforcement of Rule 105, an arcane rule that has nevertheless tripped up some of the biggest firms in the industry.
A major law firm that represents a large number of hedge funds has fired off a client alert warning that the Securities & Exchange Commission has stepped up its scrutiny of an arcane rule that results in several settlements each year. Already this year, UBS O’Connor and Ardsley Partners have agreed
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