On 16 June 2023, Rulefinder alerted to new temporary short selling bans in S Korea. Effective: short selling ban will be effective for one trading day on 19 June 2023.
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U.S – SEC Short Selling Fraud Scheme
On 12 June 2023, SEC charged investment adviser with short selling fraud. SEC charged investment adviser, Sabby Management LLC, and managing partner, Hal Mintz, with fraud in an abusive naked short selling and order making scheme. Alleged Violations From March 2017 to May 2019, Sabby and Mintz circumvented trading rules to conduct unlawful trades in…
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Malaysia – BML Short Selling Regulations
On 7 June 2023, MLY BML expanded approved securities criteria of the rule. MLY BML amended directives on regulated short selling re approved securities criteria. Amendments Revise the daily market capitalisation criterion for preceding 3 months to MYR200 mn. Accept all exchange traded funds (ETFs) as approved securities except inverse ETF. Updated the current FAQs…
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12 June 2023 – U.S. SEC Fines for Naked Short Selling Scheme
U.S. SEC Fines for Naked Short Selling Scheme
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Hong Kong – SFC Illegal Short Selling Operation
On 31 May 2023, HK SFC conducted operation against illegal short selling. HK SFC conducted a joint search operation with the Commercial Crime Bureau of the Police, against an individual suspected of illegal short selling and fraudulent activities. Allegation Individual used fabricated statements to deceive 2 brokerage firms, was arrested of dealing with property known…
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S Korea – Rulefinder Alert to Temporary Short Selling Ban
On 1 June 2023, Rulefinder alerted to a new temporary short selling ban in S Korea. This short selling ban will be effective for 2 June 2023.
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