Star Shorts Carson Block And Nate Anderson Are Among SEC's Top Fraud Whistleblowers
Portfolio Pulse from Neil Dennis
The SEC whistleblower program, which rewards tipsters for reporting fraud, has attracted high-profile short sellers like Carson Block and Nate Anderson. The program pays around 10% of fines collected from prosecuted companies. Block and Anderson have been involved in significant cases, with Block receiving $14M for a 2015 insider trading case. The SEC received 18,000 tips in 2023, double the past decade's total. The SEC also requires hedge funds to disclose short positions, a move influenced by the GameStop stock market events.
November 15, 2023 | 6:55 pm
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GameStop is mentioned in the context of the SEC's new requirement for hedge funds to disclose short positions, a rule influenced by the stock market volatility involving GME.
While the article discusses the SEC's whistleblower program and its impact on short sellers, the direct mention of GameStop (GME) relates to regulatory changes requiring disclosure of short positions. This is a response to past market events and may not have a direct short-term impact on GME's stock price, but it increases transparency which could affect investor sentiment.
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