SEOUL: South Korea's financial regulator has launched an inspection into short selling of shares by major brokerages and branches of foreign firms as part of efforts to tighten supervision on such trading. The Financial Supervisory Service (FSS) had begun inspection of short-selling transactions by the Seo
SEOUL: South Korea's financial regulator has launched an inspection into short selling of shares by major brokerages and branches of foreign firms as part of efforts to tighten supervision on such trading.
The official said the inspection was not based on any specific suspicion or allegation of wrongdoing and was not targeting any specific company. But it was part of its efforts to strengthen monitoring of short selling, which is the sale of borrowed shares, benefiting the seller if prices fall. Morgan Stanley's branch is one of several financial services firms most actively undertaking short selling of shares, which South Korea has recently allowed to resume after a suspension but under many restrictions, such as tradable stocks.
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