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China brokerage firm fined $85 million over ‘fat-finger’ trades
Firm accused of causing 6% move on Shanghai index.
China’s securities regulator issued a fine of 523 million renminbi, or $85 million, on Friday against a brokerage firm whose erroneous trades caused a sudden but short-lived 6 percent increase in Shanghai’s main share index on Aug. 16. Read full story at the New York Times.