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Murchinson Ltd.: investment adviser

Murchinson Ltd. is an investment adviser registered with the SEC (file 802-119462, CRD 310138). 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
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Discretionary
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Accounts
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Employees
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In advisory roles
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Disclosures
1

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.

Direct owners (Schedule A)

OwnerTypeRoleStakeSinceControlPublic company
Saline Capital CorporationCompany (outside the U.S.)OwnerE 75% or moreJul 2015Yes

Indirect owners (Schedule B)

OwnerOwns a stake inTypeStakeControlPublic company
Marc Judah BistricerST. Children's SettlementPersonF General partner, trustee or managing memberYes
ST. Children's SettlementSaline Capital CorporationCompany (outside the U.S.)E 75% or moreYes

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 the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?

Actions about affiliates (1)

  1. Aug 17, 2021
    Regulatory Action: SEC FinalAbout an affiliate: Zogala, Paul, Edward OtakarSanctions: Cease and Desist; Disgorgement and civil and administrative penalties and fines · Fine: $9.0M · Begun Aug 17, 2021 · Resolved Aug 17, 2021 · Decision & Order of Offer of Settlement · Docket FILE NO. 3-20463

    Per the allegations set forth in the SEC's order, which the respondents neither admitted nor denied,from June 2016 through October 2017, the respondents erroneously provided order-marking information on sale orders of their client to brokers, causing those brokers to mismark these sales as "long." The order finds that in providing the inaccurate information, the respondents also caused the brokers to fail to borrow or locate shares prior to executing the sales. The order further finds that Murchinson and bistricer caused the fund to engage in dealer activity without registering with the SEC or being exempt from registration.

    The action is final. The respondents agreed to pay the indicated civil money penalties and agreed to disgorgement. The respondents agreed to cease and desist from violating the specified rules of Regulation SHO and section 15(a)(1) of the Exchange Act and well as to commit the the undertaking set forth above. No information Filed

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.