Scilex Holding sends a letter to the U.S. House of Representatives on illegal market manipulation of the common stock of Scilex. The practice of manipulative or abusive “naked short” selling or maintaining “naked short” positions may constitute a violation of SEC Regulation SHO. Scilex Management is determined to combat manipulative and illegal short selling of Scilex common stock which has the effect of reducing shareholder value and infringing on shareholders’ rights.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCLX:
- Scilex price target lowered to $7 from $8 at H.C. Wainwright
- Scilex announces final court approval of settlement agreement with Takeda
- Scilex Holding Alerts Shareholders of Manipulative Trading Concerns
- Scilex provides information of short selling of stock
- Scilex Holding Company Provides Information to Scilex Stockholders Regarding Manipulative and Naked Short Selling of Scilex Common Stock