When the rest of the world..
What about it?
Finra Report -
CSHK PRESENTLY EXPECTS TO APPEAL THE MARKET DISRUPTION
FINDINGS WITHIN THE REQUIRED TIMELINE AND DOES NOT CONTEST THE ALLEGATIONS WITH RESPECT TO THE SHORT SALE FINDINGS.
ON JANUARY 26, 2023, THE KOREAN SECURITIES AND FUTURES COMMISSION ("KSFC*) REACHED A DECISION STATING THAT CERTAIN TRADING BY CITADEL SECURITIES (HONG KONG) LIMITED ("CSHK") IN KOREA FROM OVER 5 YEARS AGO DISRUPTED THE MARKET. THE KFC ALSO FOUND THAT CHK VIOLATED SHORT SALE REGULATIONS IN A HANDFUL OF DISCRETE INSTANCES. THE KFC FOUND THAT BETWEEN 18 OCTOBER 2017 AND 24 MAY 2018, CSHK VIOLATED THE STATUTORY PROHIBITION OF MARKET DISRUPTION ACTIVITIES IN A TOTAL OF 6.796
TRADING PERIODS INVOLVING 264 DIFFERENT NAMES. THE SHORT SALE FINDINGS RELATED TO TECHNICAL BREACHES ARISING OUT OF A SMALL NUMBER OF DISCRETE AND INADVERTENT INCIDENTS THAT HAPPENED ON SEVEN DIFFERENT OCCASION OVER A TWO AND A HALF YEAR PERIOD.
EACH INCIDENT WAS THE RESULT OF PURELY TECHNICAL ISSUES AND WERE REMEDIED EXPEDITIOUSLY UPON DISCOVERY AND DID NOT LEAD TO ANY SETTLEMENT FAILURES.
KOREAN SECURITIES AND FUTURES COMMISSION
https://files.brokercheck.finra.org/firm/firm_281102.pdf
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