On 28 March 2024, SWE FI said it is investigating firm re naked short selling. SWE FI is investigating whether Market Wizards BV violated article 12 of Short Selling Regulation (EU) (SSR Reg 236/2012) by short selling shares without coverage. Overview As part of SWE FI's supervision, the regulator carries out investigations to assess whether…
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28 March 2024 – Sweden FI Fines for Naked Short Selling
Sweden FI Fines for Naked Short Selling
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Hong Kong – SFC Short Selling Fraud Charges
On 20 March 2024, HK SFC said Yeung has been sentenced to 18 months in prison for securities fraud; Magistrate Mr. Jeffrey Sze Cho Yiu emphasized severity of the offense. Background HK SFC said Yeung pleaded guilty to securities fraud involving illegal short selling in proceedings. The case marks the first criminal conviction of securities…
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Hong Kong – Short Selling Hit Nearly $10B
On 19 March 2024, the short selling turnover of HK market at midday amounted to $9.7 billion, or 23.8% of the turnover of securities eligible for short selling. Previous day short selling turnover percentage was 19.2%
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U.S. – SEC Short Selling Rule Challenged
On 13 March 2024, a group of former chief economists at the U.S. Securities and Exchange Commission are supporting a request that the Fifth Circuit intervene and "correct" a pair of recent agency rules intended to bring transparency to the short-selling market.
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14 March 2024 – U.S. SEC Fines for Naked Short Selling
U.S. SEC Fines for Naked Short Selling
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