Remember when we were at the mercy of these guys? Makes Nant look a whole lot warmer.
1. These proceedings arise out of violations of Rule 105 of Regulation M of the
Exchange Act by RA Capital, a Massachusetts-based registered investment adviser. Rule 105
prohibits selling short an equity security that is the subject of certain public offerings and
purchasing the offered security from an underwriter or broker or dealer participating in the
offering, if such short sale was effected during the restricted period as defined therein.
2. On 17 occasions, from June 2009 through July 2013, RA Capital bought offering
shares from an underwriter or broker or dealer participating in a follow-on public offering after
having sold short the same security during the Rule 105 restricted period. These violations
collectively resulted in profits of $2,646,395.21.
BLT Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
