Posted on 11/05/2023 7:16:02 PM PST by BenLurkin
South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors, financial authorities said on Sunday.
The ban was lifted in May 2021 for trades involving the shares of companies with large market capitalisation included in the KOSPI200 and KOSDAQ150 share price indices. The restriction has remained in place for most other stocks.
The FSC will review market activity in June to decide whether there is significant improvement to allow the ban to be lifted, he said.
The regulator last week said it would establish a team of investigators to probe short-selling by foreign investment banks for illegal activity including so-called naked short-selling.
Naked short-selling - in which an investor short-sells shares without first borrowing them or determining they can be borrowed - is banned in South Korea.
(Excerpt) Read more at reuters.com ...
Is this an anti-soros and black rock law? Or against China government money dump and investments?
A market that bans short selling is a market that sucks. This is probably why their birth rate is so low.
The company had been buying up its shares to point of majority and the naked short failed, so the Soros type stepped in front of a train and was dead.
Correct, short selling is actually a necessary animal, as it keeps stocks from ballooning beyond any actual sense of value.
But naked short selling is a very very very bad thing.
.... and supposedly illegal ...
As it plays today there are really no controls or prevention of naked shorts , a small company can be targeted and shorted out. Something needs to be done in all the markets to stop this .
Credit Default Swaps seem pretty crazy too.
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