Article: Taiwan Regulators Steps Up Scrutiny of Clubhouse App

Article - Media, Publications

Taiwan Regulators Steps Up Scrutiny of Clubhouse App

Ranamita Chakraborty, Regulation Asia, 23 March 2021

The social media app restricts voice recording without the consent of every speaker in a chat room, which may create a loophole for stock manipulators.

Taiwan’s FSC (Financial Supervisory Commission) is reportedly looking into ways to monitor suspected stock market manipulation on Clubhouse, an exclusive invitation-only social networking app based on audio-chat. Continue reading “Article: Taiwan Regulators Steps Up Scrutiny of Clubhouse App”

Article: Goldman Sachs hit with £5.2m fine for short selling

Article - Media, Publications

Goldman Sachs hit with £5.2m fine for short selling

James Booth, 28 November 2018

South Korea’s financial regulator has hit Goldman Sachs with a 7.5bn won (£5.2m) fine for breaking rules on short-selling.

The fine is for short-selling without securing underlying assets, the Financial Services Commission (FSC) said in a statement. Continue reading “Article: Goldman Sachs hit with £5.2m fine for short selling”

Article: Penalties for Naked Shorting Selling Too Light

Article - Media

Penalties for Naked Shorting Selling Too Light

Yoon Youngsai

BusinessKorea, 15 June 2018

The Seoul branch of Goldman Sachs placed short selling orders for 350 KOSPI and KOSDAQ stocks on May 30. Of the 350 stocks, the Seoul branch failed to buy back 20 stocks totaling about 1.38 million shares in time until the deadline for settlement on June 1, indicating the 20 stocks were not in its possession at the time. Each of the 350 stocks can be considered a separate transaction.