JPMorgan, Omega Sanctioned by SEC Over Short-Selling PracticesBy
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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