Rulefinder reports a temporary short selling ban effective today.
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Hong Kong – SFC Fine China Rise for Short Sale
On 31 October 2019, HK SFC issued fine regarding short selling, cross trades. China Rise Securities Asset Management Company Ltd (China Rise) reprimanded, fined $6.3mn for regulatory breaches, internal control failures re short selling, cross trades. Allegations CEO placed 199 illegal short selling orders on listed securities for his personal account and a client's discretionary…
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Sweden – FI Odey Late Notification Fine
On 29 October 2019 SWE FI published Odey Asset Management LLP decision. SWE FI decision dated 24 October 2019 that Odey will pay a special fee of SEK 13,100. Relates to notification that a short net position in shares in JM AB had reached relevant thresholds for publication, failure to notify within the time limit…
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S Korea – FSC Short-Selling Violations
On 18 October 2019 SK FSC tightened regulation on short-selling violation. FSC introduced measure to strengthen regulations on violation of short-selling rules. Revisions The proposed revision establishes a new standard to impose penalties for illegal short-selling activities, raising the current imposition ratio by 5 to 15 percentage points. The government also established a regulatory basis…
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Temporary Short Selling Ban Effective Today
Rulefinder reports a temporary short selling ban effective today.
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Rulefinder Reports Temporary Short Selling Ban
On 2 October 2019, Rulefinder reported a temporary short selling ban in two countries.
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