May. 19 at 4:57 PM
$BLNK The U.S. Securities and Exchange Commission (SEC) has officially charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud.The regulatory and legal actions against them include:The Charges: The SEC alleges that Sabby Management and Mintz engaged in an illegal, long-running fraudulent short-selling scheme—including "naked short selling"—that generated more than
$2 million in illegal gains.
