U.S. SEC Says Have Charged Investment Adviser Sabby Management LLC & Its Managing Partner, Hal D. Mintz, In Naked Shortselling Scheme
Portfolio Pulse from Benzinga Newsdesk
The U.S. SEC has charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, in a naked short-selling scheme. The SEC alleges that Sabby Management and Mintz engaged in illegal short-selling of securities.
June 12, 2023 | 7:54 pm
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The SEC has charged Sabby Management LLC and Hal D. Mintz in a naked short-selling scheme, which may lead to increased scrutiny on short-selling practices.
The SEC's charges against Sabby Management and Hal D. Mintz may lead to increased scrutiny on short-selling practices, which could impact the broader market, including SPY. However, the direct impact on SPY is uncertain, as the charges are against a specific investment adviser and its managing partner.
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