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Financial authorities in Korea announced on Sunday a complete ban on short selling from Monday until the end of June next year. The temporary ban was announced after financial authorities discovered rampant illegal short selling practices by global investment banks. ....
Debates about the complete prohibition of short selling are intensifying in Korea, especially in light of recent illicit short-selling activities by global investment banks (IB), which have angered individual investors. Even the financial authorities, which continuously supported the full resumption of short selling, have now shifted their stance to reviewing the regulation from the ground up. ....
(Bloomberg) South Korea’s financial watchdog plans a wider probe into short-selling trades by global investment banks in the $1.6 trillion equity market, taking a hard-line stance to root out illegal practices.Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: Netanyahu Vows to Stay On; Targets Hit in LebanonSony’s Bungie Game Unit Cuts Staff Following Delayed TitlesApple Unveils New Lapt ....
(Bloomberg) South Korea’s financial watchdog is proposing the imposition of record fines on two global investment banks for “routinely and intentionally” engaging in naked short-selling, which is considered illegal in the nation.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Cont ....
Small individual investors, angered by the recent illegal short selling practices of BNP Paribas and HSBC, have called for more stringent measures to prevent a recurrence, even in the face of potentially record-high fines. ....