Date
21 August 2017

Investor accuses Everbright of insider trading, paper says

An individual investor has filed an insider trading lawsuit against Everbright Securities in Shanghai, Shanghai Daily reported Tuesday, citing Xinhua. A glitch in Everbright’s trading system triggered a deluge of orders that caused wild gyrations in the Shanghai stock market on Aug. 16, with the key composite index shooting up to 5.9 percent in two minutes. The China Securities Regulatory Commission said investors who had suffered losses could file lawsuits to claim damages from the brokerage, the report said.

– Contact HKEJ [email protected]

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