Rule 105 offering shorts enforcement actions

This library records 84 enforcement actions tagged rule 105 offering shorts. Rule 105 offering shorts are short sales of a stock in the restricted period before a follow-on offering is priced, followed by a purchase of that stock in the offering, which Regulation M Rule 105 prohibits whatever the trader intended.

Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the rule 105 offering shorts technique page.

Actions

84

Total penalties

$20.5m

Median penalty

$107k

Largest

$2.5m

Criminal parallel

0%