On 26 June 2023, Sweden's FSA fined Modelio Equity AB for failure to report short selling. Modelio Equity AB failed to report threshold breaches in short selling on four separate occasions. Modelio crossed or fell below relevant reporting thresholds. Modelio has been ordered to pay a special fee of SEK 2.5M.
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Know Before You Go…Investing in Japan
By all reports, investment money is flowing into Japan. With the Nikkei up over 30% this year, it appears that Japan is on the other side of Read the full article.
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22 June 2023 – Sweden FI Fines for Failure to Report Short Selling
Sweden Fines for Failure to Report Short Selling
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EFTA – Short Selling Regulation Effective 1 August 2023
On 16 June 2023, EFTA confirmed that EEA JC decision in force on 1 August 2023. Notification of fulfillment of constitutional requirements of Iceland on 15 June 2023. Background: On 10 February 2023, EFTA updated on notification of significant positions. EFTA updated on reg 2022/27 amending reg 236/2012 as regards the adjustment of the relevant…
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Rulefinder Alerts to New Temporary Short Selling Bans
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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