Shenchao TechFlow message: On July 02, according to straitstimes, the U.S. Securities and Exchange Commission is reviewing a suspicious insider-trading case involving Futu Holdings and Tiger Brokers. Market maker Susquehanna International Group said that some traders bought a large amount of related options before Chinese regulators moved to crack down on cross-border brokerage business on May 22, earning about 1 billion dollars in profit, causing it, as the counterparty, to lose more than 7000 million dollars.



The court has approved the freezing of some related accounts and allowed the retrieval of the account holders’ identity information. The scope and progress of the regulatory investigation are currently unclear.
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