Morgan Stanley office in Canary Wharf Financial District, London, UK on January 30, 2025.
Mike Kemp | in pictures | Getty Images
South Korean market regulators have violated sales rules for the domestic stock market against JPMorgan Chase, Morgan Stanley, Nomura and UBS, the country’s Financial Supervisory Services (FSS) officials said Thursday.
“We have ended administrative sanctions, which means fines,” an official said, declining to provide more details because the decision has not been formally disclosed.
According to another FSS official, the Securities and Futures Commission made a decision on Wednesday.
Nomura Say this is not aware of any decision by the regulator and cannot comment. Morgan Refuse to comment, and UBS and Morgan Stanley No immediate response to a request for comment.
In South Korea, the Capital Markets Act prohibits South Korea’s naked stocks or selling stocks without having to borrow stocks first or identifying stocks that can be borrowed.
South Korea plans to lift the market-wide ban on short-term stock sales proposed in November 2023 in March, when a system is expected to be prepared to detect illegal transactions.
