China probing brokers, regulators for possible stock crimes
World BusinessAug 26, 2015
Employees of one of China’s biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state media reported Wednesday, amid the collapse of a stock price boom.Three other brokerages announced they are under investigation for possible violations of rules on confirming the identities of customers.China’s main stock market index has fallen more than 40 percent since early June. On Wednesday, it fell another