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 […]
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.
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 […]
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 […]
U.S. SEC Fines for Naked Short Selling Scheme
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 […]