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The regulator alleges that the hedge fund “unlawfully purchased stock in seven public offerings after selling short those same stocks.”
The Securities and Exchange Commission reports that Weiss Asset Management LP, an investment advisory firm known by its acronym WAM, has agreed to pay approximately $6.9 million to settle charges that “it violated the federal securities laws when it unlawfully purchased stock in seven public offerings after selling short those same stocks.” Specifically, the WAM...
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