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
