1. Home
  2. Enforcement

Category: Uncategorized

Short and Distort Working Paper by Joshua Mitts, Asst Professor Columbia University

Pseudonymous attacks on public companies are followed by stock price declines and sharp reversals. I find these patterns are likely driven by manipulative stock options trading by pseudonymous authors. Among 1,720 pseudonymous…

SEC fires warning shot against “short and distort” schemes

On September 12, 2018, the SEC filed a complaint alleging that George Lemelson and Massachusetts-based Lemelson Capital Management LLC issued false information about a company after Lemelson took a short position in…

The growing menace of ‘short and distort’ campaigns

Just like a pump-and-dump, a short-and-distort scheme violates the Securities Exchange Act anti-fraud provisions, as well as SEC Rule 10b-5. The elements of a 10b-5 claim are: Misrepresentation, Materiality, Intent to deceive,…

Short Activism: The Rise in Anonymous Online Short Attacks

Short seller activism is generally associated with prominent hedge funds and “celebrity” activists, such as David Einhorn and Bill Ackman. These short sellers often launch short attacks capitalizing on their notoriety and…

Narcissistic Sociopath: 11 Traits that Make Them So Dangerous

You’ve probably heard of narcissists. And sociopaths. But have you ever heard of a narcissistic sociopath? You’re about to right now. By Dr. Carol Morgan