Defendant Name:
Claritas Investment, Ltd.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2013-182
Document Details
Legal Case Name
In the Matter of Claritas Investments Ltd.
Document Name
SEC Charges 23 Firms With Short Selling Violations in Crackdown on Potential Manipulation in Advance of Stock Offerings
Document Date
17-Sep-2013
Document Format
Administrative Proceeding
Allegation Type
Market Manipulation
Document Summary
On September 17, 2013, the SEC announced "enforcement actions against 23 firms for short selling violations as the agency increases its focus on preventing firms from improperly participating in public stock offerings after selling short those same stocks." According to the SEC: "The firms charged in these cases allegedly bought offered shares from an underwriter, broker, or dealer participating in a follow-on public offering after having sold short the same security during the restricted period."
Disgorgement & Penalty Information
Resolutions
None Specified