SEC Accuses Broker-Dealer Of Violating 'Short Tender Rule'

By Katryna Perera (July 29, 2021, 9:49 PM EDT) -- Brokerage firm Lupo Securities violated the "short tender rule" and acquired more shares of Leidos Holdings than it was entitled to during Leidos' 2016 spinoff from Lockheed Martin Corp., the U.S. Securities and Exchange Commission alleged in a suit filed Thursday....

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