• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2009 / May / 18 / Hong Kong: Insider Trading Trial Takes Unusual Turn

Hong Kong: Insider Trading Trial Takes Unusual Turn

By Securities Docket on May 18, 2009, 3:00 pm

The high-profile insider trading case in Hong Kong against former Morgan Stanley managing director Du Jun took an unexpected turn today when it emerged that Morgan Stanley compliance officers approved the trades of Du Jun at issue due to confusion as to the name of the security involved. The FT reports that in February 2007, Samantha Ng, a former Morgan Stanley compliance manager, signed off on a request by Du Jun to buy shares in Citic Resources because she confused it with sister company Citic Pacific.

Du Jun had reportedly been a member of two project teams that advised Citic Resources on a bond offering and potential hedging deal. Prosecutors allege that regardless of the approval, “[Citic Resources] was in fact on the watch list and the defendant knew it” because of a certain e-mail they contend he opened and read.

Read the FT article

Blog Widget by LinkWithin

Posted in Global | Tagged Hong Kong, Insider Trading

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Securities-Docket_Medium-Rectangle_CaseStudyArrow

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.