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Goldman alerted the territory's Securities and Futures
Commission three years ago as part of an "informal" discussion
about price drops in the stocks of a small number of Hong
Kong-listed companies that occurred shortly before Morgan
Stanley brought blocks of shares to market, according to the
report. (https://on.ft.com/3jYyHWs)
It was not known whether Hong Kong authorities investigated the
claim by individuals at Goldman, the Financial Times reported.
Goldman Sachs and Morgan Stanley did not immediately respond to
Reuters requests for comment, while the Hong Kong regulator
declined to comment.
The U.S. Securities and Exchange Commission was probing whether
financial executives may have broken the rules by tipping off
hedge funds ahead of block trades, Reuters reported in February,
citing a source with knowledge of the matter.
Hong Kong's financial regulator has also started asking banks
about their block-trading practices since the U.S.
investigations were made public, according to the FT report.
(Reporting by Anirudh Saligrama and Vishal Vivek in Bengaluru;
Editing by Shounak Dasgupta)
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