The United States SEC is investigating a number of unusual options transactions that occurred prior to China ' s consolidation of cross-border vouchers. According to the source, the investigation was linked to allegations by Susquehanna International Group, a market businessman, and the related bets allegedly profited approximately $100 million from unidentified traders.
The lawsuit has been filed in New York.
Susquehanna has filed an action before the Manhattan Federal Court and made public this Monday. He alleges that prior to the recent tightening of cross-border voucher operations by the Chinese regulatory authorities, some traders had pre-established their options position.
SEC reviews the transaction records.
According to the source, the SEC is looking at the transaction and presentation patterns referred to in the indictment to determine whether there is an operation based on undisclosed information. As the investigation was not made public, the person requested anonymity.
The profit is about $100 million.
The focus of the case is whether these bets appear before regulatory information is made public and whether the scale of the profits is sufficient to show unusual transaction characteristics. If the investigation continues, the follow-up may extend to the counterparty, the lower route and the source of information.