Hong Kong, 5 May 2026 – Hong Kong’s closely watched insider trading trial involving Segantii Capital Management, its founder Simon Sadler and former trader Daniel La Rocca has begun, placing the city’s block-trade market and regulatory enforcement standards under renewed scrutiny.
The case centres on allegations of insider dealing linked to shares of Esprit Holdings before a June 2017 block trade. Hong Kong’s Securities and Futures Commission had earlier commenced criminal proceedings against Segantii, Sadler and La Rocca, alleging insider dealing in the shares of a listed company prior to a block trade in the same shares. The three defendants pleaded not guilty, and the District Court fixed the trial for 4 May 2026.
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