September 18th in Uncategorized by Editor .

Former Morgan Stanley MD gets 7 years for insider trading

A Hong Kong court has sentenced former Morgan Stanley managing director Du Jun to seven years in prison following his insider trading conviction last week reports the BBC.

Jun made $4.3m from trading stock in a Chinese state-owned investment firm while advising it on the acquisition of a Kazakh oil field. Subtle.

He received a $3m (£1.8m) fine in what has been the most high-profile case of its kind in Hong Kong… Leaving him a $1.3m present for his release in 7 …

Charles Tyrwhitt UK
 

A Hong Kong court has sentenced former Morgan Stanley managing director Du Jun to seven years in prison following his insider trading conviction last week reports the BBC.

Jun made $4.3m from trading stock in a Chinese state-owned investment firm while advising it on the acquisition of a Kazakh oil field. Subtle.

He received a $3m (£1.8m) fine in what has been the most high-profile case of its kind in Hong Kong… Leaving him a $1.3m present for his release in 7 years time.

This is the 10th conviction for insider trading since March this year.

  • Share/Bookmark

Comments are closed.