Hong Kong SFC Fines for Illegal Short Selling
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Philippines – PSE Exec Pushes for Short Selling
Philippine Stock Exchange chief executive Ramon Monzon believes allowing short selling could help attract foreign money from global hedge funds. but is facing opposition to his plans from local regulators.
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Australia – ASIC Action re Naked Short Selling
On 22May 2023, AST ASIC said it banned former fund manager for 3 years. AST ASIC said it has banned former Gleneagle Securities fund manager and authorized representative Gregory Tolpigin from providing financial services for three years. Mr. Tolpigin was banned after he was found to have engaged in naked short selling. Follows AST ASIC…
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22 May 2023 – Australia ASIC Fines for Naked Short Selling
Australia ASIC Fines for Naked Short Selling
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Norway – FSA Fines 6 Investors for Short Selling
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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