Action against Respondents, a trader and his three companies, for alleged violations of Rule 105 of Regulation M of the Exchange Act.  According to the SEC, Respondents short sold stock during Rule 105’s restricted period and then repurchased the same stock, netting $643,932 in illegal profits.  Respondents have agreed to pay disgorgement of $643,932, prejudgment interest of $78,052, and a civil penalty of $370,583.

SEC Order