Interesting article on Bloomberg on the Short Selling ban in South Korea.
Illegal activity by Global Investment Banks....That's a surprise!!.....NOT
Naked Short Selling
South Korea’s financial regulator said it found $41 million worth of illegal short selling of domestic stocks by two global investment banks, ratcheting up its crackdown on the trading strategy that has been unpopular among retail investors. The Financial Supervisory Service will “promptly” launch the process of imposing penalties, according to a statement that didn’t identify the banks. The banks breached rules for several months in 2022, and in 2023, by conductingnaked short selling, the practice of selling shares without borrowing them first, the FSS said.
Interesting article on Bloomberg on the Short Selling ban in...
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