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SEC Alleges Insider Trading Ahead of CNOOC-Nexen Deal

July 29, 2012

The U.S. securities regulator filed a complaint in court on Friday against a firm controlled by a Chinese billionaire and other traders, accusing them of making over $13 million from insider trading ahead of a bid by China's CNOOC for Canadian oil company Nexen.

Source: http://www.cnbc.com/id/48366882?__source=RSS*tag*&par=RSS
 
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