DOJ Probes Alleged Insider Trading Scheme That Stung Susquehanna
Bloomberg 2026-07-02 15:37:09
Context: The US Department of Justice is investigating allegations of insider trading that reportedly cost Susquehanna International Group $100 million, following a recent Chinese regulatory crackdown on cross-border brokerages. The probe is focused on unknown individuals who allegedly placed options bets ahead of the regulatory action.
Key Facts
- The Justice Department's investigation was prompted by Susquehanna International Group's allegations that unknown insider traders profited from $100 million in options bets placed before a recent Chinese regulatory crackdown on cross-border brokerages.
- The alleged insider trading scheme involved options bets that were placed ahead of the Chinese regulatory action, which targeted cross-border brokerages.