The cost of not doing it right... in 2018

Posted by Andrew White on 29 Nov 2018

Goldman Sachs was hit with £5.2m fine for breaking rules on short-selling.

Goldman Sachs fined £5.2m


The Financial Services Commission (FSC) has fined Goldman Sachs for short-selling without securing underlying assets. Selling stock that has not yet been borrowed, known as naked short-selling, is illegal in South Korea (and many other countries). The regime is one of the toughest jurisdictions, as we discussed in our Scariest Sanctions blog post.

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