The Hellenic Capital Market Commission (HCMC) announced that it has imposed over 1.6 million euros worth of fines on foreign investors for naked short selling, during April and May of 2014, when the systemic bank capital increase took place.
In detail:
- Burlington Global Capital Investments was fined 460,000 euros for the naked short selling of National Bank stock
- MCI Services Ltd was fined 400,000 euros for the naked short selling of National Bank stock
- Quantum Partners L.P. was fined 65,000 euros for the naked short selling of National Bank stock
- Aptus Global Financials Fund was fined 80,000 euros for the naked short selling of Eurobank stock
- GFS Map Trust Macrosynergy was fined 10,000 euros for the naked short selling of Alpha Bank stock
- J.P. Morgan Securities PLC was fined 10,000 euros for the naked short selling of Alpha Bank stock
