August 25, 2023
A New Jersey investment firm is asking a federal judge to toss a large portion of a lawsuit by the U.S. Securities and Exchange Commission alleging it reaped $2 million from an illegal short-selling scheme, arguing that the "wildly overblown" claims don't include enough specifics.
June 12, 2023
The U.S. Securities and Exchange Commission filed a lawsuit Monday against a New Jersey-based investment adviser that has fallen under the agency's microscope before, this time alleging the firm and its leader made over $2 million off naked short sales of public company stock.