Citigroup Inc. (C) and Barclays PLC (BCS) have been fined for financial misconduct under the recommendation of South Korea’s financial watchdog. The nation’s Financial Supervisory Service (“FSS”) imposed a fine on both companies for engaging in naked short selling activities. This was reported by Bloomberg citing people familiar with the matter.Short selling is an investment strategy where an investor sells stocks they do not own. This involves borrowing the stocks, selling them with an expectation of a dec ...