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 Funds同意與美國證券交易委員會（SEC）就與一家影響兩家大麻公司的賣空者的祕密關係達成225萬美元的和解協議。美國證券交易委員會發現，儘管Anson Funds向投資者披露了其空頭頭寸策略，但它沒有透露與一家激進的空頭髮行商的合作，這種合作仍未披露。
The Scheme
該計劃
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).
彭博社報道，美國證券交易委員會詳細表示，安森基金將在賣空者發佈負面報告之前建立空頭頭寸。這些報告通常導致目標公司的股價下跌，從而使Anson Funds能夠從下跌中獲利。這些事件發生在2018年，參與的大麻公司包括Namaste Technologies Inc.（現爲Lifeist Wellness Inc.）（場外交易代碼：LFSWD）和印度全球化資本（現爲IGC Pharma Inc.）（紐約證券交易所代碼：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.
該計劃涉及協調努力，安森基金通過第三方發票向賣空者支付一部分利潤，用於支付不存在的研究服務，從而掩蓋了交易的真實性質。
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Legal Repercussions
法律影響
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.
美國證券交易委員會指責安森基金未能向投資者通報這一安排，使其關於賣空策略的聲明具有誤導性。美國證券交易委員會還注意到該公司與這些交易相關的記錄保存存在差異。因此，安森基金同意支付125萬美元的民事罰款，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 Funds爲其行爲辯護說，其參與凸顯了估值過高的股票，從而使投資者和整個市場受益。但是，美國證券交易委員會批評該基金在與潛在投資者的溝通中遺漏了關鍵細節，並錯誤地記錄了付款，從而違反了《顧問法》合規規則。
Gains for Anson Funds
安森基金的收益
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.
彭博社報道說，安森基金從這一舉措中獲得了超過400萬美元的收益。通過第三方向賣空者支付的款項爲110萬美元。這項調查是美國當局調查對沖基金與看跌研究人員之間關係的更廣泛努力的一部分，該工作始於三年前，涉及50多隻股票。因此，該判決開啓了美國證券交易委員會和司法部（DOJ）對涉及對沖基金和研究公司的非法賣空的衆多審查中的第一次。
譯文內容由第三人軟體翻譯。