April 14, 2017 BY LeapRate Staff
SEC freezes assets of two foreign brokers in Insider Trader sting
The U.S. Securities and Exchange Commission has announced an emergency court order to freeze assets in two brokerage accounts used last week to reap more than $1 million in alleged insider trading profits in connection with a merger announcement by telecommunications companies. According to the SEC’s complaint filed in U.S. District Court for the Southern…
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