Traders in China and Hong Kong Paying $920,000 to Settle Insider Trading Case

The SEC has settled insider trading cases with two traders in China and Hong Kong, who agreed to pay more than $920,000 to settle the charges against them.Cousins and business associates Zhichen Zhou and Yannan Liu, whose assets were frozen by an emergency court order when the SEC’s complaint was filed against them last month, must disgorge their entire ill-gotten profits of $306,929.59 plus pay penalties of $306,929.59 each.

Source: The Securities Law Blog: Traders in China and Hong Kong Paying $920,000 to Settle Insider Trading Case