Saturday, July 28, 2012

UPDATE 2-SEC alleges insider trading ahead of CNOOC-Nexen deal

WASHINGTON, July 27 (Reuters) - 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
Inc.

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