U.S. regulators accused two Chinese citizens of insider trading

To match Special Report SEC/INVESTIGATIONS

U.S. securities regulators have accused two Chinese citizens at a peer-to-peer lending platform of engaging in insider trading ahead of the announcement that two companies had agreed to be acquired by private equity firms. In a lawsuit filed in Manhattan federal court that was made public Tuesday, the SEC said Zhichen Zhou, a web administrator at Yooli.com, engaged in “highly suspicious” trading in the stocks of MedAssets Inc and Chindex International Inc. Both companies later announced private equity takeovers in deals where one of the bidders had been TPG Capital LP, where Yooli.com CEO Yannan Liu, Zhou’s cousin, had previously worked, the SEC said.

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Source:: Yahoo

      

Six, plus shooter, dead after Jordan shooting incident: U.S. official

General view of King Abdullah bin Al Hussein Training Center where a Jordanian officer went on a shooting spree on Monday in Mwaqar near Amman

Two Americans, one South African and three Jordanians were killed in a shooting incident at a Jordanian police training center near Amman on Monday, and the shooter was also killed, a U.S. official said. The Americans were working for the U.S. State Department’s International Narcotics and Law Enforcement Affairs Bureau training Palestinian security forces, the official added.

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Source:: Yahoo