Hedge Fund Settles At $2.25M With SEC For Exposed Short Seller Deal, 2 Cannabis Stocks Affected
Hedge Fund Settles At $2.25M With SEC For Exposed Short Seller Deal, 2 Cannabis Stocks Affected
Anson Funds agreed to a $2.25 million settlement with the Securities and Exchange Commission (SEC) over a secret relationship with a short seller affecting two cannabis companies. The SEC found that while Anson Funds disclosed its short position strategy to investors, it did not reveal its collaboration with an activist short publisher, which remains undisclosed.
Anson基金公司與賣空機構祕密勾結對兩家大麻公司產生影響，最終同意與證券交易委員會（SEC）達成了225萬美元和解。SEC發現，儘管Anson基金向投資者披露了其開空策略，但未透露其與一個積極的開空研究者的合作關係，其合作關係一直未公開。
The Scheme
計劃
The SEC detailed that Anson Funds would establish a short position before the release of negative reports by the short seller, reported Bloomberg. These reports often led to a decrease in the target companies' stock prices, allowing Anson Funds to profit from the drop. The events happened in 2018, and the involved cannabis companies included Namaste Technologies Inc. (now Lifeist Wellness Inc.) (OTC:LFSWD) and India Globalization Capital (now IGC Pharma Inc.) (NYSE:IGC).
據彭博社報道，SEC詳細說明稱，Anson基金將在開空機構發佈負面報告之前建立空頭頭寸。這些報告經常導致目標公司股價下跌，使Anson基金能夠從中獲利。這些事件發生在2018年，涉及的大麻公司包括Namaste Technologies Inc.（現爲Lifeist Wellness Inc。）（OTC：LFSWD）和India Globalization Capital（現爲igc pharma Inc。）（紐交所：IGC）。
The scheme involved coordinated efforts where Anson Funds paid the short seller a share of its profits through third-party invoices for non-existent research services, thus masking the true nature of the transactions.
這個計劃涉及到協調的努力，Anson基金通過第三方發票支付開空機構其利潤的一部分，從而掩蓋了交易的真實性質。
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Legal Repercussions
法律後果
The SEC accused Anson Funds of failing to inform investors about this arrangement, rendering its statements about its short-selling strategy misleading. The SEC also noted discrepancies in the firm's record-keeping related to these transactions. Consequently, Anson Funds agreed to pay a civil penalty of $1.25 million, and Anson Advisors Inc. in Toronto agreed to a $1 million penalty.
SEC指控Anson基金未能告知投資者此安排，其有關其開空策略的陳述具有誤導性。SEC還注意到該公司與此類交易有關的記錄保存存在差異。因此，Anson基金同意支付125萬美元的民事罰款，而總部位於多倫多的Anson Advisors Inc.同意支付100萬美元的罰款。
Anson Funds defended its actions by stating that its involvement benefited investors and the broader market by highlighting overvalued stocks. However, the SEC criticized the fund for omitting crucial details in its communications with prospective investors and for inaccurately recording payments, thus violating the Advisers Act compliance rules.
Anson基金爲其行爲進行辯護，稱其參與使投資者和廣大市場受益，因爲它們可以凸顯被高估的股票。然而，SEC批評該基金在與潛在投資者溝通時省略了關鍵細節，並不準確地記錄了支付，從而違反了顧問法的合規規則。
Gains for Anson Funds
Anson基金獲利
Bloomberg reported that Anson Funds generated over $4 million in gains from this move. The payment to the short seller, made through a third party, amounted to $1.1 million. This investigation is part of a wider effort by U.S. authorities to examine relationships between hedge funds and bearish researchers, which began three years ago and involves more than 50 stocks. Thus, the sentence inaugurates what can be the first of many scrutinies by the SEC and the Department of Justice (DOJ) into illegal short-selling involving hedge funds and research firms.
彭博社報道稱，Anson基金從這一舉措中獲得了超過400萬美元的收益。通過第三方支付給開空機構的費用爲110萬美元。該調查是美國當局檢查對沖基金和看淡研究公司之間關係的廣泛努力的一部分，這一努力始於三年前，涉及50多隻股票。因此，這句話開啓了SEC和司法部（DOJ）對涉及對沖基金和研究公司的非法開空銷售的第一次審查，亦可成爲明後幾年很多審查之首。
譯文內容由第三人軟體翻譯。