South Korea vs. Naked Short Sellers

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 8 November 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

To stop some bad behavior, sometimes you have to stop letting people do other stuff too. (00:14) Bill Mann and Dylan Lewis discuss: South Korea banning borrowing shares to address issues with illegal naked short selling. Robinhood “normalizing” and becoming a little Buffett-like with its interest income. The big reaction to restaurant tech company Toast’s slight guidance adjustment, and what it bodes for growth stocks. (16:26) Mary Long caught up with Adecco Staffing's Senior Vice President Amy Glaser for a look at holiday hiring trends and rising part-time work. Check out our Stock Advisor Dividend Report at: www.fool.com/dividends Companies discussed: HOOD, TOST Host: Dylan Lewis Guests: Bill Mann, Mary Long, Amy Glaser Engineers: Rick Engdahl, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Regulators in South Korea aren't messing around when it comes to short sellers.
0:07.0	Motley Full Money starts now.
0:18.8	I'm Dylan Lewis and I'm joined over the airwaves by Motley Fool analyst Bill Man. Bill, back by popular demand two days in a row great to have you.
0:22.8	I'm not sure what I've done to deserve this but I'll take it. Dylan how you
0:26.4	doing brother?
0:27.4	I'm good you know you were on vacation for a bit there and we missed you and we
0:30.5	wanted to show you just how much we missed you.
0:32.8	That's really what it came down to.
0:34.2	Let's run him into the ground.
0:37.4	I'm glad I have you on today because I generally think of you
0:40.9	as my person I turn to when I have a weird international story that I want to talk through.
0:46.7	And Bill, boy, do I have an interesting international story for you?
0:51.7	South Korea is banning trading on borrowed shares
0:54.6	through summer of 2024 for companies in its major indices after regulators have
1:00.8	discovered what they're calling illegal naked
1:03.1	short selling by several global financial institutions.
1:06.8	Are you surprised to see this?
1:09.5	No, they've done it before in South Korea.
1:11.7	So I want to set the table just a little bit this is a
1:14.0	1.7 trillion dollar stock market and the two companies that they've pointed to
1:19.5	as having done badly are two really big banks,
1:22.6	or European banks, B&P PerryBA and HSCC Holdings.
	...

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