The chief of global tech titan Samsung Electronics has remained Korea s richest stockholder as the value of shares held by the country s wealthiest 100 swelled nearly 20 percent over the past year, a corporate tracker said Wednesday.
South Korea's financial regulator on Monday said it had imposed its largest ever fine on two Hong Kong-based investment banks for illegal short selling in the domestic stock market. The Financial Services Commission said its sub-commission Securities and Futures Commission decided during a meeting on Friday to fine the two global banks 26.52 billion won ($20.35 million) for violating the Capital Markets Act'.
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BNP Paribas and HSBC have been hit hard with the largest fine ever imposed by Korea s top financial regulator for repeating illegal short selling transactions, according to the Financial Services Commission (FSC), Monday.
A group of lawyers has filed a complaint against the Hong Kong offices of BNP Paribas and HSBC with the Seoul Southern Prosecutors’ Office, Sunday, over a combined 56 billion won ($42 million) in suspected naked short selling, according to market watchers, Monday.