Citi Bank and Barclays Investment Bank CAUGHT naked-shorting by South Korea

CITI PARTICIPATES IN NAKED SHORTING SCHEME IN SOUTH KOREA🚨

But guess what??! Citi is based in the United States🚨

I recommend the DOJ, SEC, FINRA and the new administration to look into CITI

NOTE: naked short-selling = selling shares without first borrowing them or confirming that they can be borrowed.

It is prohibited under the Capital Markets Act, in South Korea.

A committee within the Financial Services Commission (FSC) is currently reviewing the FSS’s findings.

An official indicated that they are considering imposing a fine of up to 70 billion won (approximately $50 million) on Barclays and a maximum of 20 billion won on Citigroup.

The final decision will be made by the FSC following this review.