FSC Fines ~$4M for Naked Short Selling
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Rulefinder Identifies Several Temporary Short Selling Bans
On 8 March 2023, Rulefinder alerted subscribers to nine issuers with temporary short selling bans. These short selling bans will be effective 9 March 2023.
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U.K. – MFA Issues Letter to Discourage Public Disclosure of Short Selling
On 2 March 2023, the global hedge fund industry trade body, the Managed Funds Association (MFA), suggested in a letter to Britain's HM Treasury that it should dispense with short selling disclosure to the public. Britain is currently reviewing its short selling regulations.
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Rulefinder Alerts to Temporary Short Selling Bans
On 28 February 2023, Rulefinder alerted subscribers to new temporary short selling bans in S Korea issuers. These short selling bans will be effective on 2 March 2023.
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Taiwan – FSC Daily Limit of Short Selling Orders Adjusted
On 23 February 2023, TAI FSC adjusted the daily intraday limit of short selling order, it shall not exceed 30% of average daily trading volume for previous 30 business days. If the balance of short selling together with balance of short trading exceeds 20%, shall follow operation directions for the allocation of limits for margin…
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U.S. – SEC Advisor HITE Hedge Short Selling
On 21 February 2023, SEC charged IA firm with violating a trading rule. SEC filed a settled complaint against investment advisory firm HITE Hedge Asset Management LLC (HITE) for short selling in violation of SEC Rule 105 of Regulation M. HITE allegedly purchased stock in public offering for 5 private fund clients after short selling…
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