Dow Jones' Former Director David Li Settles With SEC, Reports Say

Posted on Saturday, February 02, 2008 6:33 AM
(RTTNews) - Saturday, Bloomberg reported quoting people familiar with the matter that David Li, a former director of Dow Jones & Co. (DJ), and a Hong Kong couple had settled a SEC investigation on insider trading. The three people had reportedly agreed to pay a total of $16 million as fine. The settlement agreement is likely to be announced next week. Li and the Hong Kong couple were charged with illegal insider trading using information about Dow Jones take over by News Corp. (NWS). For comments and feedback: contact editorial@rttnews.com
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