Citadel Seeks to Intervene in Susquehanna Insider Trading Case

CoinFeed July 6 news, according to Bloomberg, market maker Citadel Securities is seeking to join an insider trading lawsuit filed by Pennsylvania against Susquehanna International Group (SIG) and its former traders, planning to participate as an 'aggrieved party'. Citadel claims it suffered losses in related U.S. stock and options trades due to the alleged insider trading, and hopes to obtain court permission in New York to intervene in order to protect its rights in subsequent claims. The case accuses former SIG employees of using non-public information to trade multiple stocks and profit. Previously reported, the U.S. SEC is investigating allegations against market maker Susquehanna involving insider trading in U.S. stock options related to Futu and Tiger.