Susquehanna Says It Lost Millions to Mystery Insider Traders

Susquehanna Investment Group has filed legal action seeking to identify individuals it alleges traded on non-public information regarding a Chinese government crackdown on cross-border brokerages and generated at least $100 million in profits from those trades. The trading activity occurred in connection with the government action announced last month. Susquehanna claims the traders had access to confidential information before the announcement was made public.

Next story