Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, July 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Tells Brit To Give Back $1.3 Million| He Made In Illegal Short Sales

MANHATTAN (CN) - Timothy Bliss, as head of Armstrong Capital Ltd. and Bay Capital Investment, made $1.3 million illegally in 57 public offerings "by using shares purchased in those public offerings to cover short sales made during the five business days before the pricing of those offerings," the SEC claims in Federal Court. It wants the money back, and then some, from Bliss, of the United Kingdom.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.