On 15 May 2023, NORFSA fined six investors for short selling rule breaches. NORFSA issued violation fees to six investors for uncovered short selling in Flyr issue. Breaches related to awarding of shares in private placement in Flyr AS in November 2022. Administrative Fines NORFSA issued fines between NOK 50,000 and NOK 5,000,000 for breaches…
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U.K. – FB on Updating Short Selling Rules
On 9 May 2023, UK FB issued response to UK Treasury short selling plans. UK FB issued response to UK Treasury's paper seeking evidence on short selling regime. Follows UK Treasury December 2022 call for evidence on short selling rules. UK FB Response UK FB considers call for evidence represented opportunity for short selling to…
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Rulefinder Alerts to New Temporary Short Selling Ban
On 9 May 2023, Rulefinder alerted subscribers to new temporary short selling ban in S Korea. Short selling ban will be effective 10 May 2023.
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8 May 2023 – Norway FI Fines 6 for Illegal Short Selling
Norway FI Fines 6 Companies for Illegal Short Selling
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S Korea – FSS Action Against Short Selling
On 2 May 2023, SK FSS issued a plan to eradicate illegal short selling. SK FSS said it will dispel investors' distrust in short selling by expanding investigations on unfair short selling transactions, active inspection of malicious naked short selling. Follows SK FSC December 2020 updated passage of bill re illegal short selling. Measures Will…
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U.S. – Short Selling Specialist Targets Icahn Enterprises
Short selling specialist Hindenburg Research has revealed it has taken out a wager against Carl Icahn's Icahn Enterprises after alleging that the business has inflated the value of its investments and is running a "Ponzi-like economic structure" structure.
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