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![kshaughnessy2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::22259843.png) kristen shaughnessy [@kshaughnessy2](/creator/twitter/kshaughnessy2) on x 24.3K followers
Created: 2025-02-11 12:15:13 UTC

"HSBC Acquitted on Charges of Violating Korea Short Selling Rules"

"HSBC Holdings Plc was acquitted by a South Korean court of charges that the bank engaged in illegal short-selling, a blow to the government’s efforts to rein in abuses in the stock trading practice.

In its ruling Tuesday, the Seoul Southern District Court said there was no evidence that HSBC employees knew of the rule violation before carrying out the trades in question, according to Yonhap.

....In March, the bank had acknowledged“unintentional breaches” of the Korean short selling regulations, and said it took fast remedial action to address them and paid $XXX million in fine.

But the bank also said in the statement then that indicting HSBC and individuals was unwarranted and disproportionate to the local regulatory findings..."

![](https://pbs.twimg.com/media/GjgYk-0WAAArQre.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1889287069811216602/c:line.svg)

**Related Topics**
[kong](/topic/kong)
[hong kong](/topic/hong-kong)
[seoul](/topic/seoul)
[south korea](/topic/south-korea)
[hsbc holdings](/topic/hsbc-holdings)
[alternative investments](/topic/alternative-investments)
[korea](/topic/korea)
[$hsbc](/topic/$hsbc)

[Post Link](https://x.com/kshaughnessy2/status/1889287069811216602)