{"id":1871402,"date":"2023-03-08T05:56:04","date_gmt":"2023-03-08T10:56:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/s-korea-regulator-fines-two-firms-for-naked-shorts-under-stricter-law\/"},"modified":"2023-03-08T06:02:37","modified_gmt":"2023-03-08T11:02:37","slug":"s-korea-regulator-fines-two-firms-for-naked-shorts-under-stricter-law","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/s-korea-regulator-fines-two-firms-for-naked-shorts-under-stricter-law\/","title":{"rendered":"S.Korea regulator fines two firms for naked shorts under stricter law"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fs-korea-regulator-fines-two-firms-for-naked-shorts-under-stricter-law%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1871402&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>SEOUL (Reuters) \u2013     South Korea&#8217;s financial regulator fined two firms for naked short selling in the local stock market, for the first time under the new law of heavier penalties.<\/p>\n<p>A statement by the Financial Services Commission on Wednesday stated that they had each been fined 2.18 billion won (and 3.87 billion Won) for illicit trading between 2021 and 21.\u00a0<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>These were among the first to be punished under the Capital Markets Act, which was amended in April 2021. According to FSC, the maximum fines for illegal profits exceeding 100 million won has been raised to five times.<\/p>\n<p>Naked short selling of stocks \u2013\u00a0in which\u00a0an investor\u00a0short sells\u00a0shares without\u00a0first borrowing\u00a0them\u00a0or determining they can be borrowed\u00a0\u2013 is banned by the Capital Markets Act in South Korea.<\/p>\n<p>In the statement, the Commission didn&#8217;t name any of the companies.\u00a0<\/p>\n<\/p>\n<p> Jihoon Le (Reporting)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/s-korea-regulator-fines-two\/attachment\/the-songdo-international-business-district-in-incheon-west-of-seoul\/\"><\/a><\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/www.oann.com\/business\/s-korea-regulator-fines-two\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=s-korea-regulator-fines-two\">S.Korea regulator fines two firms for naked shorts under stricter law<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL (Reuters) \u2013 South Korea&#8217;s financial regulator fined two firms for naked short selling in the local stock market, for the first time under the new law of heavier penalties. A statement by the Financial Services Commission on Wednesday stated that they had each been fined 2.18 billion won (and 3.87 billion Won) for illicit &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1889861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5621,9513,6547,5671,10520,20925,20924,17222],"class_list":["post-1871402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-fines","tag-firms","tag-law","tag-naked","tag-regulator","tag-s-korea","tag-shorts","tag-stricter"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1871402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1871402"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1871402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889861"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1871402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1871402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1871402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}