Singapore & Hong Kong Traders Illicitly Dealt Nexen Stock, says U.S. Securities and Exchange Commission:

Upstreamonline.com, 27 Jul 2012 US regulators say they have obtained a court order to freeze accounts of Hong Kong and Singapore traders suspected of making $13 million off advance knowledge of CNOOC's takeover of Nexen. The US Securities Exchange commission alleges in New York court that Well Advantage Limited, a Hong Kong trading firm, and other traders amassed Nexen shares ahead of the $15.1 billion deal. Full story Related: Traders Illicitly Dealt Nexen Stock in HK, Singapore: SEC - BusinessWeek Traders Illicitly Dealt Nexen Stock in HK, Singapore: SEC - Bloomberg

Full article: http://singaporenewsalternative.blogspot.com/2012/07/sing...

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