Paul Berliner (trader)

Paul Berliner is an American who formerly worked as a trader associated with the brokerage firm Schottenfeld Group. He was charged by the U.S. Securities and Exchange Commission with spreading a rumor designed to lower the sock price of Alliance Data Systems [http://www.sec.gov/news/press/2008/2008-64.htm SEC press release] Berliner had sold short borrowed stock of Alliance Data Systems, hoping to profit by repurchasing the stock once the price fell. He settled the charges by disgorging profits, paying a fine, and agreeing to a permanent bar from associating with any broker or dealer. [http://www.washingtonpost.com/wp-dyn/content/article/2008/04/24/AR2008042403443.html Ex-Trader Settles SEC Claims That He Spread Lies About Blackstone Deal Washington Post, April 24 2008]

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