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S Korean Court Rules HSBC HK Unit Not Guilty of Alleged Short-Selling Rule Violation
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Seoul Southern District Court ruled that HSBC's Hong Kong subsidiary was not guilty of alleged short-selling rule violation, Yonhap News Agency reported. No evidence showed that HSBC employees knew of possible violations before conducting short sales.

In 2024, prosecutors in Seoul Southern District Court indicted three traders at HSBC's Hong Kong subsidiary on charges of illegal short selling, allegedly conducting illegal short selling transactions worth KRW15.8 billion in 2021.

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