SEC Freezes Assets From Suspicious Anadarko Petroleum Trades
29 Abril 2019 - 3:21PM
Noticias Dow Jones
By Stephen Nakrosis
The U.S. Securities and Exchange Commission on Monday said it
was able to freeze assets connected to alleged insider trading of
Anadarko Petroleum Corp. (APC) options that took place prior to the
April 12 announcement that Chevron Corp. (CVX) intended to buy that
company.
In its complaint, the SEC identified "suspicious transactions"
that took place before the deal was announced. The unknown traders
used bank accounts in Cyprus and the U.K. to purchase
out-of-the-money call options on Anadarko.
The SEC said it froze about $2 million in profits related to
these trades.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 29, 2019 16:06 ET (20:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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