SEC Probes $100 Million Options Trades Tied to Susquehanna Losses
Updated
Updated · Bloomberg · Jul 2
SEC Probes $100 Million Options Trades Tied to Susquehanna Losses
3 articles · Updated · Bloomberg · Jul 2
Summary
Unknown traders allegedly made $100 million on options bets placed before a recent Chinese regulatory crackdown on cross-border brokerages, prompting an SEC probe.
Susquehanna International Group brought the allegations into public view Monday through a lawsuit filed in Manhattan federal court describing the disputed trades.
The SEC is now examining the transactions outlined in that complaint, according to a person familiar with the confidential investigation.
The case links US market oversight to fallout from Chinese regulatory action, with Susquehanna casting the bets as insider trading that harmed the firm.