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Roughly half of estimated losses from Madoff Ponzi borne by non-US investors. http://is.gd/fqVv # At least 12 Satyam securities class action lawsuits already filed in the US. http://is.gd/fhBp # Cornerstone Research report: Litigation against Financial Services Firms Dominates Securities Class Action Filings. http://is.gd/fhzw #
China: Former President of Guangfa Securities Sentenced to Four Years in Prison for Insider Trading
Dong Zhengqing (pictured), the former president of leading Chinese securities house Guangfa Securities, was jailed on Friday for insider trading. The FT reports that the prosecution comes as the Chinese government campaigns to restore investor confidence battered by widespread trading irregularities. Dong Zhengqing was sentenced to four years by the Tianhe district people’s court in […]
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