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Hong Kong Banker under Fire in Dow Jones Case

After agreeing to pay $8.1 million to the Securities & Exchange Commission to settle insider trading charges, Bank of East Asia Chairman David Li is under pressure to resign

The chairman of Hong Kong's third largest lender, David Li, has been castigated for indiscretions in the past. An affair he was having with a Hong Kong socialite several years ago was famously discovered by the press when he left his monogrammed shoes outside a Paris hotel room where he was ensconced with the woman.

Now Li is in the spotlight over allegations of insider trading, an affair that has cost him $8.1 million and earned him a harsh rebuke from the US Securities and Exchange Commission (SEC).