Chinese Traders’ Assets Frozen by SEC Over Global Education Insider Trades

Four Chinese citizens and a China- based entity had their assets frozen by the Securities and Exchange Commission on claims of insider trading.

All Know Holdings Ltd., Sha Chen, Song Li, Lili Wang, and Zhi Yao faced the action by the SEC over claims they used inside information to trade in the U.S. shares of Global Education & Technology Group before the company unveiled plans for a sale to Pearson Plc (PSON), according to an e-mailed statement.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.