Reported 7 months ago
An activist hedge fund, Anson Funds Management and Anson Advisors Inc., were fined $2.25 million by the SEC for concealing payments to an undisclosed publisher of bearish research, which resulted in over $4 million in gains through collaborations on negative reports and social media posts in late 2018. The SEC revealed the hedge fund had secretly paid the researcher $1.1 million for critical reports on Namaste Technologies and India Globalization Capital, aligning with Citron Research's Andrew Left's bearish postings. Anson defended its involvement, stating it benefited investors and did not disseminate false information, but was faulted for not disclosing collaborations with activist researchers to investors.
Source: YAHOO