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