South Korea Prosecutors Indict BNP Paribas for Illegal Naked Short-Selling, South Korea Prosecutors Searched HSBC & BNP Paribas Offices for Illegal Naked Short-Selling in 2024 February, HSBC Fined $5.6 Million & BNP Paribas Fined $14.2 Million
31st October 2024 | Hong Kong
South Korea prosecutors have been reported to have indicted BNP Paribas for illegal naked short-selling. In February 2024, South Korea prosecutors have been reported to have searched HSBC & BNP Paribas offices for illegal naked short-selling. HSBC was fined $5.6 million (7.5 billion Korean Won) and BNP Paribas was fined $14.2 million (Total of 19 billion Korean Won). In December 2023, the South Korea Securities & Futures Commission had fined 2 international investment banks $20 million (26.5 billion won) for naked short selling, with the names of investment banks to be released in 2 months. HSBC & BNP Paribas had been reported to be receiving possible fines for naked short selling. In 2024 June, the South Korea Financial Services Commission (FSC) has extended the ban on short selling to 30th March 2025, with the previous 8-month full ban on short selling imposed from 6th November 2023 to June 2024. In 2024 May, the South Korea Financial Supervisory Service (FSS) reported $156 million of illegal short selling of shares in 164 trades by 9 investment banks. The South Korea Financial Supervisory Service (FSS) has been reported to be imposing a $49 million fine (50 billion Korean Won) on Credit Suisse for illegal short selling. In November 2023, South Korea imposed an immediate 8-month full ban on short selling starting from 6th November till June 2024. In October 2023, South Korea Financial Supervisory Service fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
“ South Korea Prosecutors Indict BNP Paribas for Illegal Naked Short-Selling, South Korea Prosecutors Searched HSBC & BNP Paribas Offices for Illegal Naked Short-Selling in 2024 February, HSBC Fined $5.6 Million & BNP Paribas Fined $14.2 Million “
South Korea Financial Services Commission Extends Ban on Short Selling to 30th March 2025, Previous 8-Month Full Ban on Short Selling Imposed from 6th November 2023 to June 2024, Reported $156 Million Illegal Short Selling of Shares in 164 Trades by 9 Investment Banks, Credit Suisse Facing Fine of $49 Million for Illegal Short Selling, South Korea Prosecutors Searched HSBC & BNP Paribas Offices for Illegal Naked Short-Selling, HSBC Fined $5.6 Million & BNP Paribas Fined $14.2 Million
13th June 2024 – The South Korea Financial Services Commission (FSC) has extended the ban on short selling to 30th March 2025, with the previous 8-month full ban on short selling imposed from 6th November 2023 to June 2024. In 2024 May, the South Korea Financial Supervisory Service (FSS) reported $156 million of illegal short selling of shares in 164 trades by 9 investment banks. The South Korea Financial Supervisory Service (FSS) has been reported to be imposing a $49 million fine (50 billion Korean Won) on Credit Suisse for illegal short selling. In February 2024, South Korea prosecutors have been reported to have searched HSBC & BNP Paribas offices for illegal naked short-selling. HSBC was fined $5.6 million (7.5 billion Korean Won) and BNP Paribas was fined $14.2 million (Total of 19 billion Korean Won). In December 2023, the South Korea Securities & Futures Commission had fined 2 international investment banks $20 million (26.5 billion won) for naked short selling, with the names of investment banks to be released in 2 months. HSBC & BNP Paribas had been reported to be receiving possible fines for naked short selling. In November 2023, South Korea imposed an immediate 8-month full ban on short selling starting from 6th November till June 2024. In October 2023, South Korea Financial Supervisory Service fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
South Korea Financial Supervisory Service Reports $156 Million Illegal Short Selling of Shares in 164 Trades by 9 Investment Banks, Credit Suisse Facing Fine of $49 Million for Illegal Short Selling, South Korea Prosecutors Searched HSBC & BNP Paribas Offices for Illegal Naked Short-Selling, HSBC Fined $5.6 Million & BNP Paribas Fined $14.2 Million
9th May 2024 – The South Korea Financial Supervisory Service (FSS) has reported $156 million of illegal short selling of shares in 164 trades by 9 investment banks. The South Korea Financial Supervisory Service (FSS) has been reported to be imposing a $49 million fine (50 billion Korean Won) on Credit Suisse for illegal short selling. In February 2024, South Korea prosecutors have been reported to have searched HSBC & BNP Paribas offices for illegal naked short-selling. HSBC was fined $5.6 million (7.5 billion Korean Won) and BNP Paribas was fined $14.2 million (Total of 19 billion Korean Won). In December 2023, the South Korea Securities & Futures Commission had fined 2 international investment banks $20 million (26.5 billion won) for naked short selling, with the names of investment banks to be released in 2 months. HSBC & BNP Paribas had been reported to be receiving possible fines for naked short selling. In November 2023, South Korea imposed an immediate 8-month full ban on short selling starting from 6th November till June 2024. In October 2023, South Korea Financial Supervisory Service fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
South Korea Financial Supervisory Service to Fine Credit Suisse $49 Million for Illegal Short Selling, South Korea Prosecutors Searched HSBC & BNP Paribas Offices for Illegal Naked Short-Selling, HSBC Fined $5.6 Million & BNP Paribas Fined $14.2 Million
3rd May 2024 – The South Korea Financial Supervisory Service (FSS) has been reported to be imposing a $49 million fine (50 billion Korean Won) on Credit Suisse for illegal short selling. In February 2024, South Korea prosecutors have been reported to have searched HSBC & BNP Paribas offices for illegal naked short-selling. HSBC was fined $5.6 million (7.5 billion Korean Won) and BNP Paribas was fined $14.2 million (Total of 19 billion Korean Won). In December 2023, the South Korea Securities & Futures Commission had fined 2 international investment banks $20 million (26.5 billion won) for naked short selling, with the names of investment banks to be released in 2 months. HSBC & BNP Paribas had been reported to be receiving possible fines for naked short selling. In November 2023, South Korea imposed an immediate 8-month full ban on short selling starting from 6th November till June 2024. In October 2023, South Korea Financial Supervisory Service fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
South Korea Prosecutors Searched HSBC & BNP Paribas Offices for Illegal Naked Short-Selling, HSBC Fined $5.6 Million & BNP Paribas Fined $14.2 Million
17th February 2024 – South Korea prosecutors have been reported to have searched HSBC & BNP Paribas offices for illegal naked short-selling. HSBC was fined $5.6 million (7.5 billion Korean Won) and BNP Paribas was fined $14.2 million (Total of 19 billion Korean Won). In December 2023, the South Korea Securities & Futures Commission had fined 2 international investment banks $20 million (26.5 billion won) for naked short selling, with the names of investment banks to be released in 2 months. HSBC & BNP Paribas had been reported to be receiving possible fines for naked short selling. In November 2023, South Korea imposed an immediate 8-month full ban on short selling starting from 6th November till June 2024. In October 2023, South Korea Financial Supervisory Service fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
South Korea Securities Commission Fines 2 International Investment Banks $20 Million for Naked Short Selling with Names of Investment Banks to be Released in 2 Months, HSBC & BNP Paribas Reported to be Receiving Possible Fines for Naked Short Selling, South Korea Imposed Immediate 8-Month Full Ban on Short Selling from 6th November Till June 2024
27th December 2023 – The South Korea Securities & Futures Commission has fined 2 international investment banks $20 million (26.5 billion won) for naked short selling, with the names of investment banks to be released in 2 months. HSBC & BNP Paribas had been reported to be receiving possible fines for naked short selling. In November 2023, South Korea imposed an immediate 8-month full ban on short selling starting from 6th November till June 2024. In October 2023, South Korea Financial Supervisory Service fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
South Korea Imposed Immediate 8-Month Full Ban on Short Selling from 6th November Till June 2024
11th November 2023 – South Korea has imposed an immediate 8-month full ban on short selling starting from 6th November till June 2024. In October 2023, South Korea Financial Supervisory Service fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
South Korea Financial Supervisory Service Fines 2 Hong Kong-Based Investment Banks $30 Million for Illegal Naked Short Selling Between 2020 to 2022
21st October 2023 – South Korea Financial Supervisory Service has fined 2 Hong Kong-based investment banks $30 million for illegal naked short selling between 2020 to 2022.
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