SEC Investigates Susquehanna's Allegations of $100 Million Insider Trading Before Chinese Crackdown
By
Lydia Beyoud, Ava Benny-Morrison
Summary
The SEC is investigating Susquehanna International Group's allegations that unknown insider traders made $100 million in options bets ahead of a Chinese regulatory crackdown on cross-border brokerages. Susquehanna filed a lawsuit in Manhattan federal court detailing the claims, and the SEC is now examining the trades described in the complaint.
Source
bskySEC Investigates Susquehanna's Allegations of $100 Million Insider Trading Before Chinese Crackdownnews.bloomberglaw.comKey quotes
· 3 pulledThe 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.
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