Home Business Park Yong-jin plans to propose an amendment to the Capital Markets Act, “the ban on short selling should be extended

Park Yong-jin plans to propose an amendment to the Capital Markets Act, “the ban on short selling should be extended

by news dir
In addition, Democratic Party Rep. Park Yong-jin on the 24th on whether to extend the’prohibition of short selling’, argued, “At the current level, it is appropriate to extend the period of prohibition of short selling.” Before the resumption of short selling, it is necessary to strengthen the obligation to verify securities companies and strengthen penalties for illegal short selling.”

He said, “Securities companies must establish a preliminary monitoring system and have their own system that allows them to place orders to sell after checking whether they have’borrowed stocks’.”

Rep. Park said that he would soon initiate a proposal for an amendment to the Capital Markets Act containing these details and pass it at an extraordinary assembly in February.

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