Canada Nickel Company Inc V.CNC

CNC~ARE WE VICTIMS OF NAKED SHORTING? REGULATORS WHER R U?

[moneywagon]

m #insiders,  19 Jun 2024, 13:09

 

@botscotian Must be even more painful for those who bought $WEED before the reverse stock split, with a high nearly $700CAD. @Stocksluice Financial regulators in South Korea said Monday it plans to develop a real-time monitoring system for naked stock short selling by March next year. The plan comes amid an ongoing ban on stock short selling, which was originally set to end at the end of this month in South Korea... "A considerable amount of time is required to develop a centralized naked short selling monitoring system, as well as an effective algorithm to detect illegal stock short selling," the Financial Supervisory Service (FSS) said in a press release as the financial watchdog and the Korea Exchange (KRX) held their third meeting with investors to discuss ways to improve the country's stock short selling system. "(The government) will push to reduce the amount of time needed to develop a naked short selling detection system (NSDS) within 10 months by March next year," it added. The FSS has repeatedly declined to comment on when the temporary ban on stock short selling will be lifted, but many experts believe it will likely be after March when the envisioned real-time detection system is developed. The presidential office has also said the ban will remain in place until a "credible" system is developed and ready. Seoul placed the temporary ban on stock short selling in November after the FSS exposed massive illegal short selling activities at two global investment banks (IBs) in Korea. The country has since launched an inspection of 14 major IBs in the country and detected suspected cases of naked stock short selling at nine of them as of early last month. https://www.koreatimes.co.kr/www/special/2024/06/175_376252.html I am not going to throw Canadian banks under the bus & publish their fines for naked short selling and other manipulative trading practices publicly right now @lambos, because Naked Short Selling in Canada was only banned two years ago, but the continued ban of these nefarious trading practices is only going to accelerate with new technology capable of exposing these illegal trading activities in real time... Not delayed... Think about that for a minute, 9 of the 14 banks investigated in South Korea were suspected of naked short selling, after the ban was in place!!!!!!!!! ‍. In other words, if these 9 banks wanted to short a stock into bankruptcy or force them into unfair PP raises there is not much stopping them while working in unison, regulators admit it’s happening and have banned short selling in general, not just naked short selling in South Korea & other stock markets…. Same thing happens in North America, but on grotesque scale. It wont be long until Hedge Funds & MMs black boxes monitoring this sector switch their algos. The FSS has said the plan will include real-time monitoring of stock short selling, as well as the automatic rejection of short selling orders when the trader lacks sufficient balance.. (NSDS) Naked Short Selling Detection System will be improved & implemented across global financial markets in due time. $GTII $TRUl $CL $AYR.A $GME $FFH $CSU $SLF $RY $SU $CNQ $TD $NA $BNS $CM $PLC $PLTH

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