Category: Charges

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
November 01, 2017 BY Valentina Kirilova

Millennium settles charges of illegal short selling in advance of stock offerings

Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings, the U.S. Securities and Exchange Commission (SEC) informed earlier. An SEC investigation found that Millennium violated an anti-manipulation provision of…

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