Reuters: SEC Accuses 18 China-Based Traders Of Intricate Stock Manipulation Scheme

“We allege that defendants engaged in an extensive manipulation scheme and went to great lengths to evade detection, placing trades in over one hundred separate accounts at several different brokerage firms and submitting falsified documents to open new accounts in the names of others,” Joseph G. Sansone, chief of the SEC’s Market Abuse unit, said in a statement. Read more

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