business
Susquehanna Seeks Names of Traders Who Profited From June China Brokerage Crackdown
Susquehanna is pursuing legal action to identify individuals it alleges made at least $100 million trading on nonpublic information about a Chinese government crackdown on cross-border brokerages last month. The move targets alleged insider trading tied to the June regulatory action.
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Susquehanna is attempting to unmask the identities of individuals it claims made at least $100 million trading on inside information about a Chinese government crackdown on cross-border brokerages last month, @unusual_whales reported, citing Bloomberg.
The firm alleges the traders used nonpublic details of the regulatory action, which occurred in June, to execute profitable positions. Susquehanna has initiated steps to reveal the names of those involved in the trades.
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