GOOD: The U.S. Securities and Exchange Commission filed a complaint
BAD: In China, insider trading is just one manifestation of a widely accepted insider culture.
UGLY: Insider trading is alive and well in many markets and countries
BOTTOMLINE: Interesting things can happen in international deals. As always international = risk
Chinese companies call for fairer treatment from foreigners. China’s critics say that these companies still don’t play by the accepted global rules of capital markets. The accusation of insider trading around the $15 billion bid by Chinese oil major CNOOC for the Canadian producer Nexen supports the critics.
Happy Investing and Networking,
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