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insider trading

May 30, 2013

The conversion of embattled US hedge fund SAC Capital into a family office could damage the reputation of the industry and prompt authorities to reconsider family offices’ exemption from the Dodd-Frank Act, a wealth sector expert says.

The conversion of embattled US hedge fund SAC Capital into a family office could damage the reputation of the industry and prompt authorities to reconsider family offices’ exemption from the Dodd-Frank Act, a wealth sector expert says.

February 18, 2008

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members.

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members. David Li, the chairman and chief executive of family-owned Bank of East Asia, told ExCo chief executive Donald Tsang that “he regretted that the matter had caused public concern and thus wished to resign from the Council.”

February 6, 2008

David Li, chairman and CEO of family-owned Bank of East Asia, has paid an $8.1 million civil penalty to the US Securities and Exchange Commission to settle an insider trading case.

David Li, chairman and CEO of family-owned Bank of East Asia, has paid an $8.1 million civil penalty to the US Securities and Exchange Commission to settle an insider trading case.

In May 2007 the SEC launched charges against Li and three other individuals for illegal tipping and trading in the securities of Dow Jones & Company in the weeks before the public disclosure of an unsolicited acquisition offer by News Corporation. The  amount paid by all four individuals totals $24 million.

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