Replies to post #81775 on Impact Fusion International Inc (IFUS)

[Ecomike]

Swamp dwellers only know the swamp they live and breed in. Real wisdom eludes them. They always look to the past, and panhandle for cheap shares, because they are short, broke or have no clue what they are talking about:

The sun already rose on IFUS, and continues to shine bright. In spite of years of brutal attempts to steal IFUS, and the technology, and finally tying to murder IFUS. All attempts failed. They made several huge mistakes. Underestimating retail just like they did with Games Stop, is their nemesis.

This May alone, 4 weeks ago:

https://www.hedgeweek.com/segantii-point72-et-al-fined-for-korean-trades/

May 3, 2024
- 3:00 pm

Related Topics

Compliance, Intel, Managers

A regulatory crackdown in South Korea last year saw hedge funds Segantii Capital Management and Point72 Asset Management fined along with proprietary trading firm Jane Street Group and other investment firms, according to a report by Bloomberg.

The report cites regulatory filings in revealing that Segantii, Jane Street and Regal Funds Management were all sanctioned last December, while Point72 Asset Management was fined in September over an uncovered short position caused by human error.

South Korea has been retroactively probing short-selling transactions by global banks since late 2023 to root out illegal use of the practice, going so far as to ban all short selling from November until next month.

South Korea’s Financial Supervisory Service (FSS) imposed penalties totaling KRW2bn on three global hedge funds in December without naming them, after they allegedly violated rules during block trades of SK Hynix shares in October 2019.

According to an FSS statement in December, one of the three funds conducted an alleged illegal trade involving naked short selling.

First Circuit Upholds SEC Injunction Against Short-Selling Priest

Charlie Marlow
Hedge Fund Law Report

Short sellers often issue reports critical of the companies in which they hold short positions. When those reports contain falsehoods about those companies, the SEC is likely to take notice.

Gregory Lemelson – also known as Father Emmanuel Lemelson – and Lemelson Capital Management, LLC (LCM) caused the hedge fund they managed to take short positions in Ligand Pharmaceuticals, Inc. (Ligand) and then allegedly made multiple false statements about Ligand in an effort to drive down its share price.

Ligand alerted the SEC, which commenced a civil enforcement action against Lemelson and LCM. In what is likely to be the final chapter of the saga, the U.S. Court of Appeals for the First Circuit has upheld a jury verdict finding the defendants liable under Rule 10b-5 under the Securities Exchange Act of 1934 and the trial court’s imposition of a five-year injunction against future violations.

This article details the SEC’s allegations, the relevant aspects of the litigation and the First Circuit’s decision. For another SEC action involving alleged short-sale violations, see “SEC Alleges Short Selling Violations by Firm Whose Compliance Staff Misinterpreted Rule 105”

[m0n]

“Comprehensive Documentation” is not scientific studies.

No One is Fooled