SEC Charges 23 Firms Over Short Selling

17Sep2013September 17, 2013

SEC Charges 23 Firms Over Short Selling

The Securities and Exchange Commission (SEC) announced today that it has settled with 22 out of 23 firms on charges of short selling violations for $14.4 million in total sanctions.

SEC rules on shorting stocks

According to SEC Rule 105, companies are not allowed to short a stock and then immediately buy it again . . .

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