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Nine Masts Capital Limited: investment adviser
Nine Masts Capital Limited is an investment adviser registered with the SEC (file 802-75667, CRD 162024). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- –
- Discretionary
- –
- Accounts
- –
- Employees
- –
- In advisory roles
- –
- Disclosures
- 2
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Paras Brent Barnett | The Rossa | Person | F General partner, trustee or managing member | Yes | |
| The Rossa Trust | Rosso | Company (U.S.) | E 75% or more | Yes | |
| Bing Wang | Nine Masts | Person | D 50% to 75% | Yes | |
| Rosso International | Nine Masts | Company (U.S.) | C 25% to 50% | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
Actions about the firm (2)
- May 30, 2019Regulatory Action: Financial Services Commission (FSC) - Korea FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $40,500 · Begun Apr 29, 2019 · Resolved May 30, 2019 · Decision
Late to deliver short sale of 1 listed equity by 1 day
NMCL PAID THE FINE. No Information Filed
- Apr 18, 2019Regulatory Action: Hong Kong Securities and Futures Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $152,900 · Begun Apr 18, 2019 · Resolved Apr 18, 2019 · Decision
Failure to deliver short sale of 1 listed equity
NMCL paid the fine.
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.