The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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5/10/2007
Probe of Suspicious Trading Continues at Dow Jones
Probe of Suspicious Trading Continues at Dow Jones
In a story that broke over the weekend, the SEC and New York Attorney General are both taking a close look at some suspicious activity on the big board.
In particular Dow Jones director, David K. P. Li, is being scrutinized in connection with a Hong Kong couple, Kan King Wong and Charlotte Ka On Wong Leung, who made millions of dollars on some well-timed trading just before the announcement of Rupert Murdoch's take-over bid of Down Jones.
Is all this just part of a general rise in questionable trades? Some think so...
-- MDT
In particular Dow Jones director, David K. P. Li, is being scrutinized in connection with a Hong Kong couple, Kan King Wong and Charlotte Ka On Wong Leung, who made millions of dollars on some well-timed trading just before the announcement of Rupert Murdoch's take-over bid of Down Jones.
Is all this just part of a general rise in questionable trades? Some think so...
-- MDT
Labels: David K. P. Li, Dow Jones, New York AG
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