Couple Settles SEC's Insider Trading Allegations

Law360, New York (July 7, 2008, 12:00 AM EDT) -- Several months after pleading guilty to criminal insider trading charges, a former Morgan Stanley & Co. financial analyst and her husband have agreed to pay $884,829 to put to rest civil claims of insider trading brought by the U.S. Securities and Exchange Commission.

Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York entered a final judgment against Jennifer Xujia Wang and her husband Ruben Chen, a former hedge fund analyst at ING Investment Management, on Tuesday.

The couple consented...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.