In the Matter of Horseman Capital Management, LP

SEC Release (Enforcement)

The SEC announced a settled administrative proceeding against a UK-based investment advisor for a violation of Rule 105 of Regulation M. The release alleges that the firm sold short common stock of a company in the five days prior to receiving shares in a secondary offering of the securities.

Document Number

SEC Release 34-63757 / IA-3143

Date

January 24, 2011

Cross References (links may require a Cabinet subscription)

Regulation M, Rule 105