Activist Hedge Fund Punished for Secret Payments to Researcher [Yahoo! Finance Canada]
IGC Pharma, Inc. (IGC)
NASDAQ:AMEX Investor Relations:
igcinc.us/investor-center/overview
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Source: Yahoo! Finance Canada
collaborations between bearish researchers and hedge funds that place big bets against companies. Most Read from Bloomberg The Securities and Exchange Commission fined affiliated money managers Anson Funds Management and Anson Advisors Inc. a total of $2.25 million on Tuesday, accusing them of hiding payments to an unidentified publisher of bearish research. A hedge fund they oversaw generated more than $4 million in gains in late 2018 by collaborating with the outsider on the timing of negative reports and social media posts, the SEC said. It secretly paid the researcher $1.1 million. ADVERTISEMENT The SEC didn't identify the researcher, who the agency said publicly criticized Namaste Technologies and India Globalization Capital in September and October of that year. The months and targeted companies line up with bearish postings at the time by famed short-seller Andrew Left's Citron Research. Left, who wasn't accused of wrongdoing by the regulator, declined to comment. Ans
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IGC
News
- IGC Pharma's TGR-63 Preclinical Results Show Substantial Reduction in Amyloid Plaque, a Key Hallmark of Alzheimer's DiseaseBusiness Wire
- IGC Reports Financial Results for Fiscal Year Ended March 31, 2024Business Wire
- IGC Pharma to Participate in Fireside Chat with Ascendiant Capital MarketsBusiness Wire
- Toronto's Anson Funds reaches settlement with U.S. regulator over short-selling practices [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Activist Hedge Fund Punished for Secret Payments to Researcher [BNN Bloomberg (Canada)]BNN Bloomberg
IGC
Analyst Actions
- 6/21/24 - Ascendiant Capital
IGC
Sec Filings
- 6/24/24 - Form 10-K
- 5/21/24 - Form SC
- 5/13/24 - Form 4
- IGC's page on the SEC website