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Articles Posted in Jeffrey Lynn

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SEC Issues Largest Monetary Sanction for Rule 105 Short Selling Violations Ever

On March 5, 2014, the Securities and Exchange Commission (SEC) announced the largest monetary sanction for Rule 105 short selling violations. A Long Island-based proprietary trading firm, Worldwide Capital, and its owner, Jeffrey W. Lynn, agreed to pay $7.2 million to settle the charges against them. According to the SEC,…

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