August 17, 2021
Investment advisor Murchinson Ltd.
, together with associated individuals Marc Bistricer
and Paul Zogala
, will pay restitution, interest, and penalties totaling nearly $9 million
to resolve allegations that they caused a hedge fund client to violate Regulation SHO regarding uncovered short sales and other problematic trading practices. Respondents allegedly provided erroneous order-marking information, thereby causing the hedge fund brokers to mismark the hedge funds’ sales as “long,” and resulting in their failure to borrow or locate shares prior to executing the sales. SEC