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Generated by AI from the 3 sources below · always verify with the originals
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AI-synthesised from 3 sources · no editorial bias
Susquehanna International Group has reported that it believes it lost millions of dollars due to an alleged insider trading scheme. The firm claims that unknown traders made significant profits—estimated at $100 million—by placing options bets shortly before the Chinese government announced a crackdown on cross-border brokerages. This regulatory action was reported to have taken place recently.
In response to these allegations, both the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are conducting investigations into the matter. These inquiries aim to determine the nature of the trades and the identities of the parties involved. Susquehanna is actively seeking to uncover who may have been behind the trades that reportedly took advantage of sensitive, non-public information regarding the crackdown.
2 July
The DOJ and SEC launched probes into the insider trading scheme affecting Susquehanna.
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