Scott Budlong quoted in The Wall Street Journal regarding Rule 105

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September 18, 2013

Richards Kibbe & Orbe LLP partner Scott Budlong was quoted in an article in The Wall Street Journal discussing the SEC’s recent short selling crackdown in which 23 investment firms were alleged to have violated Rule 105.  Mr. Budlong noted that these actions show “the SEC taking a sort of dramatic 'shock and awe' approach, reminding everyone that Rule 105 has been, and continues to be, an enforcement priority."

Mr. Budlong was also featured in a follow-up article in the WSJ MoneyBeat, where he further explained the details of Rule 105. 

Click here to read “SEC Short Selling Crackdown: What is Rule 105?"