Jury Mulls SEC Insider Trading Case Against Chinese Adviser

Law360, Chicago (January 13, 2014, 9:06 PM EST) -- The U.S. Securities and Exchange Commission on Monday wrapped up its insider trading case against Chinese investment adviser Siming Yang, telling an Illinois federal jury that the largely circumstantial evidence against Yang is equally as powerful as proof of an actual inside tip.

While the SEC may not have direct evidence that Yang was tipped off to the 2012 management-led buyout of Chinese pork processor Zhongpin Inc. — such as wiretaps or “grainy video footage” — the defendant’s “highly unusual” trades combined with his deceptive conduct...
To view the full article, register now.