Everbright Securities Co. 601788, ordered by China’s securities regulator to pay a record 523 million yuan $85 million for insider trading, was sued by investors in Guangzhou and Shanghai seeking damages for losses.
Courts in the two cities have received the claims and haven’t yet decided whether to accept them, Ye Xiaolei and Yan Yiming, lawyers for the investors, said today.
‘Enforcement 40’ for 2020
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