Toronto's Anson Funds reaches settlement with U.S. regulator over short-selling practices [Globe and Mail, The (Toronto, Canada)]
IGC Pharma, Inc. (IGC)
NASDAQ:AMEX Investor Relations:
igcinc.us/investor-center/overview
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Source: Globe and Mail, The
The Securities and Exchange Commission struck the settlement with Anson over activities from the fall of 2018. Customary to SEC settlements, Anson neither admitted nor denied the allegations in the SEC complaint. The regulator said documents Anson provided to its investors described a short position investment strategy that omitted how it worked with activist short sellers. The SEC said short sellers who planned to release a report attacking a company shared information with Anson before a report's publication. Anson then paid a portion of the profits on the short sale to the publisher of the report. In 2018, Anson paid an unnamed short-selling publisher US$1.1-million after trading on reports about two different stocks: Canadian Securities Exchange-listed Namaste Technologies Inc. and NYSE-listed India Globalization Capital Inc. The SEC also said Anson incorrectly recorded profit-sharing payments to short sellers as research services, thereby violating the books-and-records pr
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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