Goldman Sachs settles naked short selling issue
June 6, 2018

Goldman Sachs has reacted promptly to news reports in South Korea that the country's Financial Supervisory Service suspected it of carrying out naked short selling activity, which is illegal there.

The global investment bank said in an official statement: "There was an isolated offshore manual booking error resulting in settlement issues involving approximately Krw 6 billion (approximately US$ 5.6 million) of Korean stock. We informed the Korean stock exchange and regulator and worked closely with them to resolve the issue."

South Korea's Financial Supervisory Service has so far failed to respond to requests for clarification made by email and is not answering its phone.





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Goldman Sachs has reacted promptly to news reports in South Korea that the country's Financial Supervisory Service suspected it of carrying out naked short selling activity, which is illegal there.

The global investment bank said in an official statement: "There was an isolated offshore manual booking error resulting in settlement issues involving approximately Krw 6 billion (approximately US$ 5.6 million) of Korean stock. We informed the Korean stock exchange and regulator and worked closely with them to resolve the issue."

South Korea's Financial Supervisory Service has so far failed to respond to requests for clarification made by email and is not answering its phone.



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