Segantii Insider Trading Case Began on Bank of America Red Flags

One of Hong Kong’s most high-profile insider trading cases began after compliance staff at Bank of America Corp., the firm arranging a block trade, flagged concerns about handling price-sensitive information that wasn’t public.

The new details emerged on Thursday in a Hong Kong District Court hearing ahead of the high-profile insider trading trial involving Segantii Capital Management and its founder, Simon Sadler, once known as Hong Kong’s “block trade king.”