On 12 August 2022, SEC imposed $125K fine on B/D for naked short selling. SEC reported settlement for violations of bona fide market making in short sell trades. Settlement names defendant broker-dealer firm IMC Chicago LLC, for violations of Regulation SHO and Rule 203(b)(1) thereunder, (17 CFR 242.203(b)(1)) re short sales. Alleged Violations From June…
Read more
Rulefinder Alerts to Short Selling Bans
On 10 August 2022, Rulefinder provided an early warning to temporary short selling bans in two countries - S Korea and Turkey. Temporary short selling bans are effective 11 August 2022.
Read more
Egypt – Updated List of Short Selling Securities
On 3 August 2022, the Egyptian Exchange (EGX) announced an update to the criteria of securities eligible for short selling. Updated list of eligible securities for short selling.
Read more
S Korea – FSC Illegal Short Selling Measures
On 28 July 2022, SK FSC issued new detection and punishment measures. SK FSC announced measures to strengthen detection and punishment of illegal short selling, and enhancing a short selling related system jointly with related organizations. Follows SK FSC December 2020 updated on passage of illegal short-selling bill. Meeting SK FSC Chairman Kim Joo-hyun presided…
Read more
Rulefinder Alerts to Temporary Short Selling Ban
On 26 July 2022, aosphere LLP's Rulefinder alerted to temporary short selling bans in S Korea effective 27 July.
Read more
E.U. – ESMA Updated Measures and Penalties on Short Selling
On 20 July 2022, EU ESMA issued updated list of administrative measures, and penalties applicable to infringements of regulation on short selling and credit default swaps.
Read more