Rulefinder Reports Short Selling Ban
On 28 June 2021, aosphere LLP’s Rulefinder solution reported a temporary short selling ban effective 29 June.
U.S. – Arca Fine Clearpool Reg SHO
On 4 June 2021, NYSE Arca Clearpool Execution LLC violations consent. Clearpool Execution Services LLC to pay $300k fine ($105k to NYSE Arca), for violating Rule 203(b) Reg SHO, 17 CFR 242.203 doing short sales without borrowing securities. Also without having reasonable belief that could borrow needed securities for delivery. Acceptance and Consent Without admit […]
Germany – BaFin Wirecard Fraud Scandal
On 22 June 2021, GE PRL announced submission of the final report into Wirecard. Investigation into the behavior of GE GVT in connection with the incidents re Wirecard. Concluded that the Finance Ministry failed to detect fraud that cost investors millions. The report will be the subject of a one hour debate in the GE […]
Temporary Short Selling Ban in Effect
On 17 June 2021, Rulefinder reported a temporary short-selling ban will be in effect on 18 June in four securities listed on the Korean exchange.
Sweden – FSA Updates Short Selling FAQs
On 14 June, the Swedish regulator, Finansinspektionen published updated short selling FAQs on its website. FAQs are in Swedish only.
Taiwan – FSC Securities Borrowing Rules
On 9 June 2021, TAI FSC adjusted standards on margin purchase and short selling. Follows TAI FSC market maker system soon to be launched end of June. Daily volume limit of 30% for intraday securities borrowing and selling does not apply for securities firms acting as stock market maker, providing quotations or for hedging. Clarified […]