On 10 April 2025, CAN IIAC issued blog on US alignment to short sales. CAN IIAC issued blog on current short sales regulation in Canada and US alignment. Follows CIRO proposed amendments to align with SEC on close out. Short Sales Regulation Alignment Since move to T+1, no data in Canada to determine whether short…
Read more
Sweden – FI Issues Short Selling Violations by Market Wizards BV
On 24 March 2025, SWE FI issued special fee for violations on short selling. Market Wizards BV received a penalty fee for violations of the short selling regulation. Case Overview SWE FI decided Market Wizards BV must pay a special fee of SEK 4,000,000 for having carried out short selling of shares even though short…
Read more
S Korea – FSS Foreign Investment Business
On 4 November 2022, SK FSS proposed rules on registration, short selling disclosures. SK FSS proposed Detailed regulations of the regulations on financial investment business, to ease burden on foreign investment business submitting documents. Revise registration form; update existing form and introduce new form for fulfilling reporting obligation associated with lending transactions when reporting balance…
Read more
Taiwan – FSC Tightens Short Selling Rules
On 30 September 2022, TAI FSC made amendments re daily short selling orders. TAI FSC issued an order stipulating requirements for the sale of borrowed securities. Follows TAI FSC June 2021 adjusted margin purchase/short selling. Rules Combined balance of security borrowing and lending (SBL) short sale volume and margin short sales shall not exceed 25%…
Read more
France – AMF Short Selling Anomalies
On 29 August 2022, FR AMF encouraged firms to report anomalies identified in short selling reports. Follows FR AMF November 2021 issued guidance on EU short selling regulation. Overview The EU Short Selling regulation (VAD) provides for notifications to the regulator and to the market of net short positions accumulated above certain set thresholds. So,…
Read more
U.S. – FINRA Fines for Short Selling Violations
On 18 August 2022, FINRA fined Gar Wood Securities for short selling violations. FINRA accepted AWC from Gar Wood Securities to settle allegations that firm accepted short sale orders without obtaining locates, maintain supervisory system for reporting. Gar Wood violated FINRA Rule 2010 and SEA Reg SHO Rule 203 ((17 CFR 242.203). Violated FINRA Rule…
Read more