SEC Charges Two with Insider Trading on Pershing Square’s Announcement on Herbalife

by Gary Kopycinski on October 1, 2014

Gary Kopycinski Author

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Washington D.C.—(ENEWSPF)—October 1, 2014. The Securities and Exchange Commission yesterday announced charges against two individuals for insider trading on a prominent hedge fund manager’s announcement that his hedge fund had formed a negative view of Herbalife Ltd. and taken a $1 billion short position in its securities.