Chinese Fund Manager Penalized After Insider Trading Arrest

Law360, New York (September 6, 2013, 4:26 PM EDT) -- The China Securities Regulatory Commission on Friday reportedly suspended approval for new products and new business applications by fund manager Bosera Asset Management Co. following allegations of insider trading against one of its former employees.

The penalty against the country’s fifth-largest fund manager follows the CSRC’s fine and disciplinary action over misleading information against a brokerage last month, according to the Wall Street Journal. The commission also ordered Bosera to fix, within six months, the problems that led to the wrongdoing, the paper reported.

According to...
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