Reported 7 months ago
A judge in Hong Kong has ruled to transfer Segantii Capital Management's insider trading case to the District Court, where longer prison sentences can be handed out. The case involves accusations against the hedge fund firm, founder Simon Sadler, and former trader Daniel La Rocca of acting on insider information before a block trade in 2017. Segantii allegedly received inside information from a person connected to Esprit Holdings Ltd., leading to allegations of insider dealing. The case will be heard at the District Court on July 2.
Source: YAHOO