Monthly Archives: September 2023
On 26 September 2023, TAI FSC relaxed rules for Innovation Board stocks. TAI FSC proposed amendments to Standards governing eligibility of securities for margin purchase and short sale, to enhance fundraising on Taiwan Innovation Board. To increase liquidity for Innovation Board Stocks, provide more flexibility for investors, optimize fundraising environment for innovation board, attract more…
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On 25 Septmeber 2023, NORFSA issued Cazadores short selling penalty fee decision. NORFSA issued 11 September 2023 decision on Cazadores Investments Limited regarding advance notice of NOK 2,000,000 Flyr shares short selling violation fee and other correspondence. Follows NORFSA May 2023, fined 6 investors for short selling breaches. Overview On 16 November 2022, stock exchange…
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U.S. SEC Fines Six for Major Shareholding Reporting Failures
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On 23 September 2023, TAI Justice issued rules on declaration by insiders. TAI FSC, TAI Justice stipulated article 22-2, 25 and 26 of Securities and exchange act. Declaration Requirements Stipulate declaration requirements for insider of a publicly issued company who holds over 10% of company's shares and transfers or acquires the shares under a trust.…
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On 22 September 2023, SEC settled charges against B/D for Reg SHO (short selling) violations. SEC settled charges against Citadel Securities for millions of violations of Reg SHO. Reg SHO is regulatory framework designed to prevent abusive short selling practices. Allegations For five years, Citadel incorrectly marked millions of orders, inaccurately denoting certain short sales…
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India SEBI Fines for Takeover Reporting Failure
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