SEC Files Charges Over Dow Jones Trades

Law360, New York (May 8, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission filed suit against a Hong Kong couple Tuesday, making them the first to be accused of insider trading in connection with suspicious trading of Dow Jones & Co. stock in the days before New Corp.’s unsolicited $5 billion offer to buy the company.

In a complaint filed in the U.S. District Court for the Southern District of New York, the SEC alleged that Kan King Wong and Charlotte Ka On Wong Leung used their Merrill Lynch & Co. account to...
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