South Korea seeks fines on HSBC, BNP for naked short selling -Bloomberg News

(Reuters) – South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on HSBC Holdings and BNP Paribas for naked short selling, Bloomberg News reported on Wednesday citing two people familiar with the matter.

($1 = 1,303.6600 won)

(Reporting by Nilutpal Timsina in Bengaluru; Editing by Christopher Cushing)