AMC Entertainment Holdings Inc (AMC): Wow old news but must read look at the t...

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Saturday, 07/31/2021 10:10:30 PM

Saturday, July 31, 2021 10:10:30 PM

Wow old news but must read look at the timeline:

Citadel Securities’s long wait for resolution in China is over.

China’s stock-market regulator on Monday said a Shanghai-based unit of Citadel Securities LLC paid 670 million yuan ($97.6 million) to resolve a probe into its trading practices in 2015, during a historic plunge in Chinese stocks that year.

The firm’s “administrative reconciliation” with the China Securities Regulatory Commission took place at the end of 2019, the regulator said. It ends a long period of limbo for Citadel’s Chinese business, whose proprietary trading account was frozen during the long-running probe.

Citadel Securities is the brokerage and trading arm of Chicago-headquartered Citadel LLC, which also owns the giant hedge-fund firm founded by billionaire Kenneth Griffin.

https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314

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