Dubai—The US Securities and Exchange Commission said July 28 that it had obtained an emergency court order to freeze the assets of traders it accused of conducting “illegal trades” ahead of Chinese CNOOC’s bid for Canadian independent Nexen. “The Securities and Exchange Commission today obtained an emergency court order to freeze the assets of traders using trading accounts in Hong Kong and Singapore to reap more than $13 million in illegal profits by trading in advance of this week’s public announcement that China-based CNOOC Limited agreed to acquire Canada-based Nexen Inc,” the US SEC said in a statement.
展开▼
