Hedge Fund giant Citadel reports that one of its accounts in China has been banned from trading by Chinese regulators. The ban was imposed on a hedge fund called Citadel’s Global Markets and is the first time such an action against a U.S. firm has taken place. 4:00pm, 3 Aug, 2015 Updated: 11:34pm, 3 Aug, 2015 The China Securities Regulatory Commission has blamed 'coordinated stock dumping' and 'selling-off of heavily-weighted stocks' as well as automated trading for turbulence in the market which it is intent on cleaning up.
Hedge Fund giant Citadel reports that one of its accounts in China has been banned from trading by Chinese regulators. The ban was imposed on a hedge fund called Citadel’s Global Markets and is the first time such an action against a U.S. firm has taken place. The China Securities Regulatory Commission has blamed 'coordinated stock dumping' and 'selling-off of heavily-weighted stocks' as well as automated trading for turbulence in the market which it is intent on cleaning up.