Saturday, 28 March 2015
Last updated 1 day ago
Sep 25 2008 | 10:29am ET
Sirios, a long-only and fund of hedge funds shop, has been slapped with a small fine by the Securities and Exchange Commission for illegally short selling two companies.
On two separate occasions, Sirios engaged in short sales made in advance of public offerings by Centene Corp. and Las Vegas Sands Corp.
In both cases, Sirios sold securities short within five business days before the pricing of each offering, and covered the short sales, in whole or in part, with shares purchased in the offerings, resulting in total profits of $198,069.
The firm has been ordered to pay disgorgement of $198,069, plus prejudgment interest in the amount of $38,989 and a civil penalty in the amount of $50,000 to the U.S. Treasury.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…