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Tuesday, July 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Charges Beverly Hills Short-Seller

LOS ANGELES (CN) - The SEC charged Beverly Hills trader Kenneth Rickel and his company, Lion Gate Capital, with illegal short selling. Rickel allegedly made more than $207,000 by using shares he bought in 14 registered public offering to cover short sales he made in the five days before those offerings were priced - a restricted period.

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