The Financial Supervisory Service announced that it had inspected six securities firms but had no problem with rumors of illegal short selling
김지선
stockmk2020@alphabiz.co.kr | 2023-12-29 03:48:06
[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Supervisory Service announced the findings that securities firms that serve as liquidity suppliers (LPs) did not make illegal short selling after the ban on short selling.
"The Financial Supervisory Service's on-site inspection of the top six securities firms in short trading volume has confirmed that there has been no illegal short selling such as naked short selling by LP securities firms," said Kim Hyung-soon, second director of the Financial Investment Inspection Organization at the Financial Supervisory Service on the 28th.
It refuted the suspicion that individual investors raised that "LP is doing naked short selling."
Regarding the claim that 'short selling transactions have actually increased after the ban on short selling', Director Kim said, "As a result of checking based on EcoPro BM, the actual short selling volume plummeted by 99.3% from KRW 73.7 billion on November 3, just before the ban on short selling, to KRW 500 million on the 20th of this month.
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