Regulation M Rule 105
Bars buying shares in a public offering after short selling the same shares in a short period before the offering is priced. 87 records cite it, filed 2013 to 2025.
Official text: 17 C.F.R. 242.105 (LII)
Counts
By year filed
- 2013: 25
- 2014: 33
- 2015: 9
- 2016: 2
- 2017: 2
- 2018: 2
- 2021: 1
- 2022: 1
- 2023: 5
- 2024: 6
- 2025: 1
By agency
- SEC: 87
By status
- Settled: 85
- Judgment entered: 2
Technique mix
Most recent matched records
- SEC v. Sourcerock Group, LLC (rule 105 offering shorts, 2025)
- SEC v. Snow Lake Capital (HK) Limited (rule 105 offering shorts, 2024)
- SEC v. FiveT Capital AG (rule 105 offering shorts, 2024)
- SEC v. Centerline Investment Management Limited (rule 105 offering shorts, 2024)
- SEC v. Gates Capital Management, Inc. (rule 105 offering shorts, 2024)
- SEC v. Kershner Trading Americas, LLC (rule 105 offering shorts, 2024)
- SEC v. Contrarian Capital Management, L.L.C. (rule 105 offering shorts, 2024)
- SEC v. Anson Advisors Inc. (rule 105 offering shorts, 2023)
- SEC v. Candlestick Capital Management LP (rule 105 offering shorts, 2023)
- SEC v. HITE Hedge Asset Management LLC (rule 105 offering shorts, 2023)
- SEC v. Candlestick Capital Management LP et al. (rule 105 offering shorts, 2023)
- SEC v. HITE Hedge Asset Management LLC et al. (rule 105 offering shorts, 2023)
- SEC v. Weiss Asset Management LP (rule 105 offering shorts, 2022)
- SEC v. Helikon Investments Ltd. (rule 105 offering shorts, 2021)
- SEC v. Andrew F. Nicoletta (rule 105 offering shorts, 2018)
All 87 matched records
- SEC v. Sourcerock Group, LLC (rule 105 offering shorts, 2025)
- SEC v. Snow Lake Capital (HK) Limited (rule 105 offering shorts, 2024)
- SEC v. FiveT Capital AG (rule 105 offering shorts, 2024)
- SEC v. Centerline Investment Management Limited (rule 105 offering shorts, 2024)
- SEC v. Gates Capital Management, Inc. (rule 105 offering shorts, 2024)
- SEC v. Kershner Trading Americas, LLC (rule 105 offering shorts, 2024)
- SEC v. Contrarian Capital Management, L.L.C. (rule 105 offering shorts, 2024)
- SEC v. Anson Advisors Inc. (rule 105 offering shorts, 2023)
- SEC v. Candlestick Capital Management LP (rule 105 offering shorts, 2023)
- SEC v. HITE Hedge Asset Management LLC (rule 105 offering shorts, 2023)
- SEC v. Candlestick Capital Management LP et al. (rule 105 offering shorts, 2023)
- SEC v. HITE Hedge Asset Management LLC et al. (rule 105 offering shorts, 2023)
- SEC v. Weiss Asset Management LP (rule 105 offering shorts, 2022)
- SEC v. Helikon Investments Ltd. (rule 105 offering shorts, 2021)
- SEC v. Andrew F. Nicoletta (rule 105 offering shorts, 2018)
- SEC v. Joseph Spera, et al. (insider trading, 2018)
- SEC v. Millennium Management LLC (rule 105 offering shorts, 2017)
- SEC v. Palestra Capital Management LLC (rule 105 offering shorts, 2017)
- SEC v. 2 West, Inc. (rule 105 offering shorts, 2016)
- SEC v. Steven Fishoff, et al. (insider trading, 2016)
- SEC v. Auriga Global Investors Sociedad De Valores S.A. (rule 105 offering shorts, 2015)
- SEC v. Harvest Capital Strategies LLC (rule 105 offering shorts, 2015)
- SEC v. J.P. Morgan Investment Management Inc. (rule 105 offering shorts, 2015)
- SEC v. Omega Advisors, Inc. (rule 105 offering shorts, 2015)
- SEC v. Sabby Management, LLC (rule 105 offering shorts, 2015)
- SEC v. War Chest Capital Partners LLC (rule 105 offering shorts, 2015)
- SEC v. Oz Management, LP (rule 105 offering shorts, 2015)
- SEC v. Charles Raymond Langston III, CRL Management, LLC, and Guarantee Reinsurance, Ltd. (insider trading, 2015)
- SEC v. Keypoint Capital Management, LLC (rule 105 offering shorts, 2015)
- SEC v. Pennington Capital Management LLC and Robert J. Evans (rule 105 offering shorts, 2014)
- SEC v. Thrasos Tommy Petrou (rule 105 offering shorts, 2014)
- SEC v. Advent Capital Management, LLC (rule 105 offering shorts, 2014)
- SEC v. Antipodean Advisors LLC (rule 105 offering shorts, 2014)
- SEC v. Blackrock Institutional Trust Company, N.A. (rule 105 offering shorts, 2014)
- SEC v. East Side Holdings II, Inc. (rule 105 offering shorts, 2014)
- SEC v. Explorador Capital Management, LLC (rule 105 offering shorts, 2014)
- SEC v. Formula Growth, Ltd. (rule 105 offering shorts, 2014)
- SEC v. Great Point Partners, LLC (rule 105 offering shorts, 2014)
- SEC v. Indaba Capital Management, L.P. (rule 105 offering shorts, 2014)
- SEC v. Ironman Capital Management, LLC (rule 105 offering shorts, 2014)
- SEC v. James C. Parsons (rule 105 offering shorts, 2014)
- SEC v. Midwood Capital Management LLC (rule 105 offering shorts, 2014)
- SEC v. Nob Hill Capital Management, Inc. (rule 105 offering shorts, 2014)
- SEC v. RA Capital Management, LLC (rule 105 offering shorts, 2014)
- SEC v. Rockwood Investment Management, Inc. (rule 105 offering shorts, 2014)
- SEC v. Seawolf Capital, LLC (rule 105 offering shorts, 2014)
- SEC v. Solus Alternative Asset Management LP (rule 105 offering shorts, 2014)
- SEC v. Suttonbrook Capital Management LP (rule 105 offering shorts, 2014)
- SEC v. Troubh Partners LP (rule 105 offering shorts, 2014)
- SEC v. Vinci Partners Investimentos Ltda. (rule 105 offering shorts, 2014)
- SEC v. Whitebox Advisors LLC (rule 105 offering shorts, 2014)
- SEC v. Carmela Brocco (rule 105 offering shorts, 2014)
- SEC v. Derek W. Bakarich (rule 105 offering shorts, 2014)
- SEC v. Steven J. Niemis (rule 105 offering shorts, 2014)
- SEC v. Tina M. Lizzio (rule 105 offering shorts, 2014)
- SEC v. William W. Vowell (rule 105 offering shorts, 2014)
- SEC v. G-2 Trading LLC (rule 105 offering shorts, 2014)
- SEC v. Genesis Advisory Services Corp., ABJ Societe Anonyme Corp. and Bruce J. Fixelle (rule 105 offering shorts, 2014)
- SEC v. Ironbird Capital LLC (rule 105 offering shorts, 2014)
- SEC v. Worldwide Capital, Inc. and Jeffrey W. Lynn (rule 105 offering shorts, 2014)
- SEC v. Axius Holdings, LLC and Henry Robertelli (rule 105 offering shorts, 2014)
- SEC v. John Durrett (rule 105 offering shorts, 2014)
- SEC v. Blackthorn Investment Group, LLC (rule 105 offering shorts, 2013)
- SEC v. Claritas Investment, Ltd. (rule 105 offering shorts, 2013)
- SEC v. Credentia Group, LLC (rule 105 offering shorts, 2013)
- SEC v. D. E. Shaw & Co., L.P. (rule 105 offering shorts, 2013)
- SEC v. Deerfield Management Company, L.P. (rule 105 offering shorts, 2013)
- SEC v. G-2 Trading LLC (rule 105 offering shorts, 2013)
- SEC v. Hudson Bay Capital Management LP (rule 105 offering shorts, 2013)
- SEC v. JGP Global Gestão de Recursos Ltda. (rule 105 offering shorts, 2013)
- SEC v. M.S. Junior, Inc. (rule 105 offering shorts, 2013)
- SEC v. Manikay Partners LLC (rule 105 offering shorts, 2013)
- SEC v. Meru Capital Group, LP (rule 105 offering shorts, 2013)
- SEC v. Merus Capital Partners, LLC (rule 105 offering shorts, 2013)
- SEC v. Ontario Teachers’ Pension Plan Board (rule 105 offering shorts, 2013)
- SEC v. Pan Capital AB (rule 105 offering shorts, 2013)
- SEC v. PEAK6 Capital Management LLC (rule 105 offering shorts, 2013)
- SEC v. Philadelphia Financial Management of San Francisco, LLC (rule 105 offering shorts, 2013)
- SEC v. Polo Capital International Gestão de Recursos Ltda. (rule 105 offering shorts, 2013)
- SEC v. Soundpost Partners, LP (rule 105 offering shorts, 2013)
- SEC v. Southpoint Capital Advisors LP (rule 105 offering shorts, 2013)
- SEC v. Talkot Capital LLC (rule 105 offering shorts, 2013)
- SEC v. Vollero Beach Capital Partners LLC (rule 105 offering shorts, 2013)
- SEC v. War Chest Capital Partners LLC (rule 105 offering shorts, 2013)
- SEC v. Western Standard, LLC (rule 105 offering shorts, 2013)
- SEC v. UBS O’Connor, LLC (rule 105 offering shorts, 2013)
- SEC v. Ardsley Advisory Partners (rule 105 offering shorts, 2013)
What this does not show
These are statutes cited in the record's document where it charges, finds or alleges a violation, not necessarily proven ones. Dismissed and pending matters count as alleged. A release that names no section is not matched, so counts understate use of this provision. The plain-language meaning is a summary, not legal advice.