Manuel P. Asensio
July 4th, 2009Manuel P. Asensio is a money manager in New York best known for his work as an activist short-seller.
From 1992-2003, Asensio served as president of Asensio & Company, Inc.
Since 2003, Asensio has moved from concentrated short-selling to managing a fund with long and short positions.
Asensio has worked in the securities industry for over twenty-five years. He earned a Bachelors of Science in Economics degree from the University of Pennsylvania’s Wharton School and a Masters in Business Administration from Harvard Business School.
He is also the author of a book about his work entitled Sold Short: Uncovering Deception in the Markets.
Regulatory sanctions
In November 2000, the NASD (now FINRA) sanctioned Asensio & Company Inc. and Manuel Asensio, for Short Selling, Trade Reporting, and Internet Advertising Violations.
In July 2006, the National Adjudicatory Council of the NASD upheld a hearing panel’s ruling that barred Asensio “from association with any NASD member in any capacity” and fined him $20,000. The NASD barred Asensio and his firm for failing to respond to requests for information. It found that Asensio made statements in research reports that criticizied PolyMedica Corp. that were “misleading,” by stating incorrectly that he was shorting the company when he was not, and by making similar disclosure rule violations.Asensio withdrew his NASD membership in 2003, and denied that any wrongdoing.
References
- ^ See http://www.finra.org/Newsroom/NewsReleases/2000/P011426
- ^ a b “In the Matter of Department of Enforcement, complainant, Against Asensio Brokerage Services Inc. n/k/a Integral Securities, Inc., New York, NY, and Manuel Peter Asensio”. FINRA. 2006-07-28. http://www.finra.org/web/groups/industry/@ip/@enf/@adj/documents/nacdecisions/p017114.pdf. Retrieved on 2009-04-14.