SEC Obtains Asset Freeze in Suspected Insider Trading on Mobileye N.V. Acquisition
March 24, 2017
March 24, 2017
WASHINGTON, March 24 -- The Securities and Exchange Commission issued the following litigation release:
The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of two Israeli traders who used brokerage accounts in the U.S. to reap nearly $5 million in trading profits in advance of the March 13, 2017, announcement that Intel Corp. had agreed to acquire Israel-based Mobileye N.V.
The SEC's emergency action t . . .
The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of two Israeli traders who used brokerage accounts in the U.S. to reap nearly $5 million in trading profits in advance of the March 13, 2017, announcement that Intel Corp. had agreed to acquire Israel-based Mobileye N.V.
The SEC's emergency action t . . .