Citadel Seeks to Intervene in Susquehanna Insider Trading Lawsuit
Market maker Citadel Securities is seeking to join the insider trading lawsuit filed in Pennsylvania against Susquehanna International Group (SIG) and its former trader, planning to participate as a "victim." Citadel claims it suffered losses in related U.S. stock and options trading due to the alleged insider trading activities and hopes to be allowed to intervene in a New York court to protect its interests. The case accuses former SIG employees of trading multiple stocks for profit using non-public information. The U.S. SEC is investigating the allegations against Susquehanna, which involve insider trading related to Futu and Tiger's U.S. stock options.
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