Insider trading lawsuit filed against Everbright
Print Edition
An individual investor has filed an insider trading lawsuit against Everbright Securities in the Shanghai No. 2 Intermediate People’s Court yesterday, Xinhua news agency said.
The China Securities Regulatory Commission in August fined the firm a record 523.3 million yuan (US$85 million) and banned four executives from working in the sector for life for a trading error that rocked the stock market.
A glitch in Everbright’s trading system triggered a deluge of orders that caused wild gyrations in the Shanghai stock market on August 16, with the key composite index shooting up to 5.9 percent in two minutes.
Everbright was charged with insider trading because it made a large number of hedge trades before it disclosed the trading glitch to the public.
The CSRC said investors who had suffered losses could file lawsuits to claim damages from the brokerage.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
