Avid Bioservices Inc (CDMO)

[biopharm]

Avid Bioservices CDMO in demand by Millennium and others, as Ronin Capital John Stafford simply is ignorant on how far things will go

There is a clear and evident, troubling situation arising right now...more than most all are aware ...and with Millennium Management tipping its hand in combination with EXACT trade swaps by hedge funds ...ALL must resend in all complaints to SEC FBI DOJ FDA because now, there is a trend of troubles that started with Ronin Capital up till now ...

More Millennium Management past troubles and are fines worth it? Millennium thinks so....so are Avid shareholders CDMO going to go quietly? or force those pulling some strings to be further investigated in ACTIVE investigations

Millennium Management more troubles..(as they are tipping their hand with CDMO )


Millennium Settles Charges of Illegal Short Selling in Advance of Stock Offerings

FOR IMMEDIATE RELEASE

2017-203

Washington D.C., Oct. 31, 2017 —
Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings.

An SEC investigation found that Millennium violated an anti-manipulation provision of the federal securities laws known as Rule 105 on four occasions in 2012. Rule 105 prohibits short selling an equity security during a restricted period (generally five business days before a covered public offering) and then purchasing that same security through the offering. By illegally purchasing shares in the follow-on offerings, Millennium reaped $286,889 in illicit profits.

“Millennium established and maintained certain accounts that improperly participated in public offerings despite other firm accounts being short the relevant securities,” said Sanjay Wadhwa, Senior Associate Director of the SEC’s New York Regional Office. “We will continue to actively surveil for, and charge, violations of Rule 105 where appropriate.”

Millennium must pay disgorgement of $286,889 plus interest of $51,820.11 and a penalty of $300,000 for a total of $638,709.11. Without admitting or denying the findings in the SEC’s order, Millennium agreed to cease and desist from violating Rule 105 in the future.

The SEC’s investigation was conducted by Nathaniel I. Kolodny, Elizabeth Butler, and Thomas P. Smith Jr. The case was supervised by Mr. Wadhwa.

https://www.sec.gov/news/press-release/2017-203