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-Goldman Sachs fined by South Korean authorities

Nov 28, 2018 - Banking and Credit News

Global Banking News - 28 November 2018

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Naked short selling, or selling stock that has not yet been borrowed, is illegal in South Korea.

On November 28, the firm's local unit,

Goldman Sachs International,

South Korean authorities have fined

Goldman Sachs

(NYSE: GS) for short selling violations. was fined KRW7.5bn for violating short-selling rules. The firm is accused of short selling without ensur...