 |
[Alpha Biz=(Chicago) Reporter Paul Lee] The Securities and Futures Commission under the Financial Services Commission has imposed fines on seven institutions, including Mizuho Securities, on charges of short selling naked short selling.
The Securities and Futures Commission announced on the 13th that it held its 10th meeting on May 17 and decided to impose a fine of 733.7 million won on Mizuho Securities Asia (Mizuho Securities Asia) on charges of naked short selling short selling.
Mizuho Securities sold 11,197 shares (3.17 billion won) of SK common shares that it did not own in June 2021. The securities firm submitted a sale order, mistaking it for borrowing even though a borrowing contract for SK shares was not signed.
In addition, the pension fund (CDPQ·Caisse De Dépôt Et Placement Du Québec) in Quebec was fined 70.5 million won for placing an order for short selling naked short selling to 929 Ecoprovim shares (280 million won) on Aug. 17, 2021. Of these, 439 shares (130 million won) were signed.
Foreign financial investment firm J.P. Morgan Securities PLC was charged with 1.1 million won on charges of selling 786 S-energy common shares (3.73 million won), and 4.8 million won on foreign asset manager AUM on charges of selling 250 shares (24.05 million won) on naked short selling.
Local asset management firms Moon Chae-is Asset Management and Sam Asset Management were also fined 27.6 million won and 1.1 million won, respectively, while foreign financial investment firm Rayant Investment Research (Rayliant Investment Research) was fined 8.3 million won.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
