# SEC Probes Alleged Insider Trades That Cost Susquehanna Millions

> **Newsylist Open Intelligence Dossier** · First detected: 2026-07-02 00:38 UTC · Category: Business · Sources: 8 · Current Velocity: 6.36

## Executive Summary
The SEC is investigating alleged insider trading surrounding a China brokerage crackdown that cost trading firm Susquehanna millions.

## Intelligence Brief
The Securities and Exchange Commission is probing claims of insider trading related to FUTU. Trading firm Susquehanna alleges that insiders profited by $100 million during a crackdown on Chinese brokerages, resulting in significant losses for the firm.


Coverage from Bloomberg, the Wall Street Journal, and GuruFocus emphasizes the SEC's active investigation into the trades. Reports from Binance and Briefs Finance highlight that Susquehanna has secured an order to freeze accounts and subpoena brokers to unmask those involved in the scheme.


Future developments center on the $70 million trading case and the efforts to identify the brokers involved through the court-ordered subpoenas.

## Verified Facts & Key Claims
### What is the SEC investigating?
The SEC is probing alleged insider trading claims related to FUTU.

### How much did insiders allegedly make from the trades?
According to allegations from the trading firm, insiders made $100 million.

### What legal actions has Susquehanna taken?
Susquehanna won an order to freeze accounts and subpoena brokers to identify individuals in the alleged scheme.

## Key People, Organizations & Locations
Alleged, SEC Probes Alleged Insider Trades That Cost Susquehanna Millions, Susquehanna Can Unmask Brokers, Trading Case, SEC Probes Insider Trading Claims Related, FUTU, Susquehanna Wins Order, Freeze Accounts Subpoena Brokers

## Multi-Source Evidence Table
| Source Outlet | Headline | Published (UTC) | Verification URL |
|---|---|---|---|
| thewealthadvisor.com | Susquehanna Insider Trading Allegations Highlight Cross-Border Surveillance And Counterparty Risk | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMivAFBVV95cUxQVHZUNWh0WG05b1dXUWNQZU9jSlk4dzNBN0JJbW9LQ3BBNXFvZldXYlRzQkVmcXJJYk12Q09TUzRyVGMzMExEV25lTk1oMWZTUFpxLUV3SnFqNm5NZGQ1bVJaMVN6OFZUWVBRMFAyYTRVSUZNTUJwTnRoQlZpQXpYLVlTN1VjaTRXcTRMdVlGQ1FhUmhOMTJVZl9JR2tmR3NEZHpqQnFfLWF0bWY3aGpQTkFmRFpIOHFablRISw?oc=5) |
| OffshoreAlert | Insiders ‘made $100M+ ahead of China’s offshore trading crackdown’ | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMiogFBVV95cUxQN0M2UngzTVRFbTFnaXpCZlFMOXprXzJhb3JkQUI1aWRwQnhGcW1xSHV5TDFSUUtRaWk2ZE8zTXcwaDJZZ3lINUgzNTVOaHN2bkdpYTFIQ1VjQ0RlenF1UnNrcDJYMXFIQUFhVlJYaklLV3FRdHpYakNEZDhYTzdBUS1mX1FYSWl5NUc5TkpmTTlmMEZFS2RGcC1SUjA1SDJjUXc?oc=5) |
| The Straits Times | US SEC probes alleged insider trades involving Futu, Tiger Brokers | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMivgFBVV95cUxQbmRvakYwa1haa3VHYkFpS1o4c2hjYXhhMjlWZDRCZUM1dEVtcDItSnVpdmxzREk5STN2NFYwNjFyTHB3RVF6ZDZVNS1PQXFGM3BkeHJ4c2hqcERsaEFEdlFVVDNJRGpnSXc5NG1uQkVFN2NDMlhpc3NIMDNDMmZYUHN6a2ZzSGViRllMaVY2NjBRVk1qdFRraGxZX29odUNMd2diTnpDWVRzdHpyX1IwbFpsZ3l6RGZoNVp0WXNn?oc=5) |
| Bloomberg.com | Susquehanna Says It Lost Millions to Mystery Insider Traders | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMisAFBVV95cUxPWUVCYVVSTmFYcGpoSW9IMlZDeFFBU3B1Sy10NGdFMEZRaFVzbERBcjQ3UFBXbmgwNk9wZkRDdzF4Tm5NaVkzeExVbmJFZW85MzE0QkFaXzJPd1dOU3ZtdC0wLTFjbGNDMmgtMWQyelZKd3lIbXlLdG52d0FhMUxwMmpJS09ic0g2akpvVl9iampEbldYRGdWODVEX1VWdWpnMDlVbzlEQ1RLbVVLbnR5Yw?oc=5) |
| Briefs Finance | Susquehanna Can Unmask Brokers in $70M Trading Case | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMitwFBVV95cUxPbG4yNGJJM1IwbHVuREg3Ujk0RkVZYnlVYlZNaU5NakRnNlZlV1BJTm5zNVBjb1VoZlNheGFScnRhOWpCQjdyQl90d1pHOENkTnJpSldiN0dkNFo2NkpLa3FDcl9WemFKM1VZeG5YUVh4MnZTVUgzSXl0R2gtcUptZ21rTlo0dnQyek9TX1pyOHFJbXlQYngtWFdCeVlGYm5uWnlNazBZTkExb0dSZkF1SlY4cVFONW8?oc=5) |
| GuruFocus | SEC Probes Insider Trading Claims Related to FUTU | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMikgFBVV95cUxQZm90T3pBUzAtVFNIZ0gzdWl2LVZfQl9yZHdmVTJHNW9HSDkxQjFqbUQ2MC1nVkRpR2xUXzdpX1pWaDg3azFPcUo2SkoybHpSOEpsaFRDQ2R0WTFIYmY1bUkzS0pwYUhaUEptbVd3b3M3N1NZSHpncnJMdEZwNmtOZW13SF9JUWdFTlczWVRvNnNadw?oc=5) |
| Binance | Susquehanna Wins Order to Freeze Accounts, Subpoena Brokers in Alleged $100 Million Insider-Trading Scheme | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9EZWV2WTZpdngteTlPajROaDVRNzlYS0RoY1J2ZlU4YzE3bWx4bVZmTVpwaHdlT25GeEJIOVNDejBkSHp6RnF5NEFjbkJIU244dDUtTVY3aGNXN1VMTjRRWnB4RG5pWFRW?oc=5) |
| WSJ | Insiders Made $100 Million on China Brokerage Crackdown, Trading Firm Alleges | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPV2t0MG0wbWpkbmtSY3pZX1FmLURzVll0UjUtZVlpSWUtWEt4YktZNHZNQkpYTTRUbGRUSmwzOTNTZGZzaTFGX242alBaeldVeVE5R1BvMUxER1c5RDBFelhETGFCZXEzSGNBc0tiU3JsYVY4QThvM2VwbDd1SDdlbklwVmd3aF9IREdGYWk5d2F4Wk1DUzBKVEhKb2ZhbW1iOXg5d0NwcVBWcm5MMjNMUjRqemwxd1VwUjRR?oc=5) |
| Bloomberg.com | SEC Probes Alleged Insider Trades That Cost Susquehanna Millions | 2026-07-02 00:38 | [Source Link](https://news.google.com/rss/articles/CBMitgFBVV95cUxPWTJ1MFU5T1gyWTRRZFQtYXlfOTRmallPWHllbjBuZy1YZ0RtejR5cVg2WHA5Wlhlb1VVM3F6Vk9QNFpOQ1gxRDJLellLcU5ueDFzRXcyS1ZQUXZ6dVV4RGp2QVBvVjVFMllyX2xISWNYM01xdzJzY0lpOWw1VEVuMC12ZTNDOF9rRzh0b1BJRUxyOWxjcmFway1yZHhtZy1ycEc4X21PRjk5T2RQOFFJYTB5MmJBdw?oc=5) |

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