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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About: Anna Monteiro
Recent Posts by Anna Monteiro
25 September 2023 – India SEBI Fines for Takeover Reporting Failure
India SEBI Fines for Takeover Reporting Failure
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Hong Kong – SFC Adopts Changes to Takeover Code / Share Buy-backs
On 21 September 2023, HK SFC published consultation conclusions, adopted all proposals. Changes include revising the definitions of important terms, streamlining takeover processes to enhance efficiency and introducing green initiatives to reduce the carbon footprint. Amended codes will be gazetted on 29 September 2023 and then take effect immediately. Background: HK SFC proposed amendments to…
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22 September 2023 – U.S. SEC Fines for Improper Short Selling
U.S. SEC Fines Citadel Securities for Improper Short Selling
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Finland – Gvt Public Register for Substantial Shareholding
On 19 September 2023, FIN GVT discussed adding substantial shareholding to public register. FIN GVT requested responses on report investigating whether information of registered shareholders of listed companies could be made available in the public register. Background Report was based on the program of the previous government and the action program for the fight against…
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S Korea – Rulefinder Alerts to New Temporary Short Selling Bans
On 21 September 2023, aosphere's Rulefinder solution alerted to new temporary short selling bans in S Korea issuers. Effective: Short selling bans are in effect for said issuers for one trading day on 22 September.
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