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Sunday, May 05, 2024 3:52:15 PM
The Financial Services Commission said its Securities and Futures Commission decided during a meeting on Friday to fine the Hong Kong unit of French investment bank BNP Paribas and its securities affiliate operating in Korea as well as HSBC's Hong Kong arm 26.52 billion won ($20.35 million) for violating the Capital Markets Act's regulation banning naked short selling. The two banks will also be referred to prosecutors.
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Criminal Hedge funds seeing records seized my US Marshals may be next.
Tic Toc
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