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Justice Department Probes $100 Million Options Trades Ahead of China Brokerage Crackdown
The Justice Department is examining Susquehanna allegations that unknown traders earned $100 million from options positions placed ahead of a Chinese regulatory crackdown on cross-border brokerages. The review relies on information from people familiar with the matter.
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The Justice Department is investigating allegations by Susquehanna that unknown insider traders earned $100 million on options bets placed ahead of a recent Chinese regulatory crackdown on cross-border brokerages, @business reported. People familiar with the matter said the department is looking into the claims. The bets occurred before the regulatory action took effect.
Susquehanna brought the allegations to authorities. No further details on the scope or timeline of the investigation were provided.
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