Date
19 October 2017

Insider trading claims shred fund sector credibility, paper says

A confidence crisis is sweeping China’s investment funds as more fund managers are accused of insider trading, Beijing Business Today reported Monday, citing unidentified sources. The China Securities Regulatory Commission has had the industry under the microscope since late November, and an unnamed person close to the regulator said dozens of managers may be involved, far more than originally expected. Those managers are suspected of trading for personal gain on undisclosed information about some stocks acquired through their jobs, the report said.

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TL/AC/SK

 

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