SEC's Naked Short-Selling Suit Against NJ Firm To Continue

By Katryna Perera (March 19, 2024, 8:15 PM EDT) -- A New Jersey federal judge has ruled the U.S. Securities and Exchange Commission can largely proceed with its case against a trader and his firm accused of reaping $2 million from an illegal short-selling scheme, but said it cannot seek civil penalties for alleged trading that occurred in three securities....

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