Decision of surrender of gain - Scoggin Capital Management II LLC
Published: 20 August 2014
Last updated: 22 March 2019
Finanstilsynet has, in accordance with the prohibition against uncovered short sale in the Norwegian Securities Trading Act section 3-14 cf. section 17-2, decided to order Scoggin Capital Management II LLC (Scoggin) to surrender the gain of NOK 5.27 million obtained through the sale of 850,607 shares in Northland Resources S.A. on 26 August 2013.
Scoggin has accepted the decision of surrender of gain.