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SEC freezes trader's assets amid Smithfield insider-trading probe

2013-06-06 23:35:51| Food - Topix.net

U.S. regulators have obtained a court order freezing the assets of a Thailand-based trader, saying he reaped $3.2 million in illegal profits after getting a tip ahead of the announcement that a Chinese meat company was buying Smithfield Foods Inc. The Securities and Exchange Commission said on Thursday that Badin Rungruangnavarat, 30, may have ... (more)

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