Humanigen Inc (HGENQ)

[DonDonDonDon]

If the theory that new short rules being instituted on April 22nd makes it more difficult to short is true, then tomorrow might be their last day to short under the old rules. My guess is that most SEC rules are enforced at the end of the day, not the start of the day. If true, tomorrow could be even better than today.

Has anyone seen any confirmation of any of this anywhere else?

Staff Statement on Fully Paid Lending
Division of Trading and Markets Staff

April 16, 2021

[1] On October 22, 2020, Commission staff issued a no-action letter regarding the broker-dealer customer protection rule, Exchange Act Rule 15c3-3, in relation to certain fully-paid lending programs operated by some broker-dealers.[2] Rule 15c3-3(b)(3) requires broker-dealers entering into agreements with their customers who lend the broker-dealers fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans.[3] Staff’s letter stated that the staff would not recommend enforcement action to the Commission regarding these programs for six months from issuance of the letter, or until April 22, 2021, to give firms time to come into compliance with the Rule.[4]
https://www.sec.gov/news/public-statement/staff-fully-paid-lending