S.E.C. Fines 4 For Trades Involving Dow Jones

Essay specific features

 

Issue:

Social Issues

 

Written by:

Jessica C

 

Date added:

March 27, 2012

 

Level:

 

Grade:

A

 

No of pages / words:

1 / 258

 

Was viewed:

6593 times

 

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Essay content:

After knowing the inside story, Mr. Leung immediately purchased $15 million shares of Dow Jones with the help of his daughter and son-in-law and made a profit of $8.1 million. The S.E.C then came up with a settlement that Mr. Li has to pay $8.1 million penalty even he did not get any benefit. And Mr...
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And Mr. Leung agreed to return his $8.1 million profit and pay extra $8.1 million as a penalty of having this inside trading. Mr. Leung’s daughter and son-in-law are also ordered to turn over $40,000 illicit profit plus interest and pay extra $40,000 as penalty. In this case, although no one admitted the wrongdoing, Mr...
displayed 300 characters

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