Published: 4:00pm, 3 Aug, 2015 Updated: 11:34pm, 3 Aug, 2015
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.