10-02-2017 21:04 via uk.news.yahoo.com

U.S. regulator charges China citizens over Comcast-Dreamworks trades

The U.S. Securities and Exchange Commission said on Friday it had filed civil securities fraud charges against five Chinese citizens for alleged insider trading ahead of the April 2016 acquisition of DreamWorks Animation SKG Inc by Comcast Corp . The SEC said in a statement it had also won a court order freezing brokerage accounts holding more than $29 million in illegal profits from the insider trading. The SEC complaint, filed in U.S. District Court in the Southern District of New York, charge
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