Rulefinder Alerts to New Temporary Short Selling Bans
On 16 June 2023, Rulefinder alerted to new temporary short selling bans in S Korea. Effective: short selling ban will be effective for one trading day on 19 June 2023.
S Korea – FSS Foreign Investment Rules
On 14 June 2023, SK FSS proposed revisions to financial investment rules. SK FSS proposed revisions to the Detailed regulations on financial investment business, to improve foreign investors’ access to the Korean capital market. Follows SK FSC May 2023 proposed revisions re financial investment. Amendments Delete the obligation to submit documents re foreign investment registration. […]
U.S – SEC Short Selling Fraud Scheme
On 12 June 2023, SEC charged investment adviser with short selling fraud. SEC charged investment adviser, Sabby Management LLC, and managing partner, Hal Mintz, with fraud in an abusive naked short selling and order making scheme. Alleged Violations From March 2017 to May 2019, Sabby and Mintz circumvented trading rules to conduct unlawful trades in […]
China – CBIRC, CSRC Lujiazui Forum Discuss Canceling Restrictions on Shareholding Ratio
On 8 June 2023, CHI CBIRC, CHI CSRC held the 14th Lujiazui forum. CHI CBIRC and CHI CSRC held 14th Lujiazui forum 2023 with topic namely global financial openness and cooperation: new driving forces for economic recovery. Speech by CHI CBIRC Li Yunze Optimize financial products and services; increase financial support in key areas such […]
Malaysia – BML Short Selling Regulations
On 7 June 2023, MLY BML expanded approved securities criteria of the rule. MLY BML amended directives on regulated short selling re approved securities criteria. Amendments Revise the daily market capitalisation criterion for preceding 3 months to MYR200 mn. Accept all exchange traded funds (ETFs) as approved securities except inverse ETF. Updated the current FAQs […]
12 June 2023 – U.S. SEC Fines for Naked Short Selling Scheme
U.S. SEC Fines for Naked Short Selling Scheme