Prosecutors Raid BNP Paribas, HSBC Securities, and Others for 'Illegal Naked Short Selling'
The prosecution is conducting a search and seizure operation on foreign securities firms and banks suspected of illegal short selling.
The Seoul Southern District Prosecutors' Office announced on the 15th that the Financial Investigation Divisions 1 and 2 have been executing search warrants at three locations: BNP Paribas Securities, HSPC Securities, and HSBC Bank since the morning.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- 2030s Prefer Temples, 5060s Choose Art Museums... Data Reveals Diverging Travel Preferences
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2020040716004764021_1586242847.jpg)
These financial institutions are under investigation by the prosecution for violating the Capital Markets Act by engaging in illegal 'naked short selling.' The financial authorities imposed a record-high fine of 26.5 billion won on these institutions in December last year and referred the case to the prosecution.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
