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Friday, June 19, 2015

Greek regulator fines hedge funds over short selling issue

ATHENS/LONDON (Reuters) - Greece's capital markets regulator has fined more than a dozen hedge funds in the past few months for potentially breaching European rules on short selling stocks without borrowing them first, an official from the regulator said on Friday. The hedge funds include Tosca Master Fund, Hadron Alpha Select Fund, and Verrazzano European Long Short, according to a statement on the website of Greece's Hellenic Capital Market Commission. The fines range between 10,000 euros (7,115 pounds) and 40,000 euros and are related to trades in Greek banks such as Eurobank Ergasias , Alpha Bank and National Bank of Greece , the regulator's statement said.


READ THE ORIGINAL POST AT uk.news.yahoo.com