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Perez-Peña, Richard, “S.E.C. Fines 4 for Trades Involving Dow Jones,� N.Y. Times, Feb. 6, 2008, p. C3.

This article is simply about the settlement of an illegal trade on Dow Jones due to the insider dealing between David K. P Li and Michael Leung Kai-Hung. Mr. Li, who is a former Dow Jones & Company director, told his friend, Mr. Leung about the News Corporation’s purchasing plan on Dow Jones before it was publicly announced. After knowing the inside story, Mr. Leung immediately purchased $15 million shares of Dow Jones with the help of his daughter and son-in-law and made a profit of $8.1 million.

The S.E.C then came up with a settlement that Mr. Li has to pay $8.1 million penalty even he did not get any benefit. And Mr. Leung agreed to return his $8.1 million profit and pay extra $8.1 million as a penalty of having this inside trading. Mr. Leung’s daughter and son-in-law are also ordered to turn over $40,000 illicit profit plus interest and pay extra $40,000 as......

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Approximate Word Count: 274
Approximate Pages: 2 (250 words per double-spaced page)

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