Susquehanna and Citadel Securities allege the defendants made $155 million from suspicious put-option trades placed before Chinese regulatory actions against the two online brokerages became public
Susquehanna and Citadel narrowed a suit to 45 individuals profiting $155M from leaked Chinese data before May 22 penalties on Futu and Tiger Brokers. The case signals rising U.S. enforcement on cross-border manipulation, raising governance risks for fintech in Asia.
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The lawsuit began on June 29, when Susquehanna International Group (SIG) sued unidentified traders in Manhattan federal court, alleging they had used leaked Chinese regulatory information to reap more than $100 million in illicit profits. Photo: VCG
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