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SEC Probes Alleged Insider Trades That Cost Susquehanna Millions

SEC Probes Alleged Insider Trades That Cost Susquehanna Millions
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SEC Probes Alleged Insider Trades That Cost Susquehanna Millions The SEC is looking into Susquehanna International Group’s allegations that unknown insider traders made $100 million on options bets ahead of a recent Chinese regulatory crackdown on cross-border brokerages, according to a person familiar with the matter. Susquehanna went public with its claims in a lawsuit filed Monday in Manhattan federal court. The US Securities and Exchange Commission is examining the trades described in...

SEC Probes Alleged Insider Trades That Cost Susquehanna Millions The SEC is looking into Susquehanna International Group’s allegations that unknown insider traders made $100 million on options bets ahead of a recent Chinese regulatory crackdown on cross-border brokerages, according to a person familiar with the matter. Susquehanna went public with its claims in a lawsuit filed Monday in Manhattan federal court. The US Securities and Exchange Commission is examining the trades described in the market-making firm’s complaint, said the person, who asked not to be identified discussing the confidential probe. [Image text:] SECURETIES AND EXCHANCE COMMLSSION
SEC (ORG) Susquehanna International Group’s (ORG) Chinese (ORG) Susquehanna (LOCATION) Manhattan (LOCATION) The US Securities and Exchange Commission (ORG)
Originally published by Bloomberg Markets Read original →