DOJ Probes Alleged Insider Trading Scheme That Stung Susquehanna

The Justice Department is investigating allegations that unknown individuals traded on nonpublic information about a Chinese regulatory action affecting cross-border brokerages. According to Susquehanna International Group, traders made approximately $100 million on options bets placed before the announcement. The investigation is examining whether material nonpublic information was improperly disclosed ahead of the regulatory crackdown.

Next story