JPMorgan, Omega Sanctioned by SEC Over Short-Selling Practices

  • Six firms pay $2.5 million for violations in stock offerings
  • Enforcement action stems from 2013 effort to stem manipulation

JPMorgan Chase & Co. and Omega Advisors Inc. were among six firms sanctioned by the U.S. Securities and Exchange Commission over claims that they bet against companies’ stock shortly before participating in new share offerings.

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