On 6 March 2024, AIMA filed amicus brief in case challenging SEC rules. AIMA jointly with National Association of Private Fund Managers (NAPFM) and MFA filed brief challenging the SEC's securities lending and short position reporting rules. Follows 3 November 2023 SEC securities lending final rule and SEC short position final rule both became effective…
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Poland – FSA Substantial Shareholding / Short Selling Forms
On 1 March 2024, substantial shareholding and short selling forms must be submitted to the Poland FSA in electronic format. Background: August 2023, the FSA alerted the move to electronic forms for substantial shareholding and short selling Links to electronic forms for substantial shareholding and short selling Link to Substantial Shareholding User Manual
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S Korea – FSS May Give Guidance on Short Selling Policies in March
On 27 February 2024, the head of South Korea's FSS says it may give a clearer picture on follow-up policies regarding the short selling ban sometime in March. FSS implemented at total ban on short selling in November 2023 through June 2024. Recently, Korean prosecutors investigating illegal short selling allegations against foreign investment banks raided…
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Norway – FSA Reports on 2023 Supervision, Highlights Illegal Short Selling
On 20 February 2024, NORFSA issued report regarding its supervision in 2023, highlighting illegal short selling. Securities Market NORFSA issued report on its supervision of market behavior in the securities market. For the first time, imposed fines for market manipulation and uncovered short selling. In 2023, three judgments were handed down and one recommendation was…
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21 February 2024 – U.S. SEC Fines for Short Selling Violations
U.S. SEC Fines for Short Selling Failures
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U.S. – SEC Settles Short Selling Charges
On 21 February 2024, SEC settled short selling charges against Contrarian Capital. SEC charged Contrarian Capital Management, LLC for violations of the SEC's short selling rule, Rule 105 of Regulation M (17 CFR 242.105) per Securities exchange act. Rule 105 of Regulation M prohibits short selling an equity security during a restricted period, and then…
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