SEC Freezes Suspicious Trades of Anadarko Call Options -Financial Times
29 Abril 2019 - 1:20PM
Noticias Dow Jones
--The U.S. Securities and Exchange Commission ordered a freeze
of some options trades in Anadarko Petroleum Corp. (APC), which was
made prior to the April 12 public disclosure that Chevron Corp.
(CVX) would acquire that company, The Financial Times reports
Monday.
--The SEC said unknown traders made $2.5 million in "illicit
profits" by purchasing the out-of-the-money call options on
Anadarko between February 8 and the first of April, the report
said.
--The SEC said given the timing, the nature and a lack of prior
trading history in Anadarko, among other factors, contributed to
make the trades "highly suspicious," the report said.
Newspaper website: www.ft.com
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 29, 2019 14:05 ET (18:05 GMT)
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