GNCC Capital Inc (GNCP)

[place_your_bets]

GNCP party soon what a summer-!-who stepped down--Goldman Sachs’ Korean branch under probe for alleged naked shorting

PUBLISHED :June 04, 2018 - 18:35
UPDATED :June 06, 2018 - 15:30



[THE INVESTOR] South Korea’s financial regulator said on June 4 it has launched an inspection into the Seoul branch of Goldman Sachs Group for naked short selling.

On May 31, Goldman Sachs International supposedly borrowed 6 billion won (US$5.6 million) shares issued by 20 companies to engage in short-selling. The problem was, it was unable to buy back the stocks in time, indicating that the stocks weren’t in its possession at the time of the short selling.

https://www.koreatimes.co.kr/www/biz/2018/07/367_250670.html