Alternative asset manager alleges mortgage lender’s disclosure was inaccurate and misleading
West Face says it covered its short position during a period in which it now believes that market prices of Home Capital shares were inflated due to incomplete public disclosures
The firm failed to accurately report its short interest positions in certain securities
Companies charged include Montreal-based Formula Growth Ltd.
Report provides timely Canadian short sale trading information
UK argued ESMA’s emergency curbs on short selling violate EU principles
22 investment firms paying total US$14.4 million to settle SEC charges of improper short selling
Alert sets out practices found to be effective in detecting and preventing this sort of trading
Companies saw their shares drop more than 10% in one day
SEC says exchange failed to enforce rules to prevent abusive short selling