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Regulators accused Well Advantage of having advance knowledge of the Cnooc-Nexen deal.

Mr. Zhang was not personally named in the suit, but the S.E.C. identified him as the owner of Well Advantage.

Mr. Zhang is a Chinese billionaire businessmen who, in addition to controlling Well Advantage, also controlled another company that had a close relationship with Cnooc, the S.E.C. said.

When the deal was announced, Nexen shares jumped 60 percent, allowing the Well Advantage to earn more than $7 million in illegal profits.

Alan J. Brudner, a lawyer representing Well Advantage, declined to comment on the settlement, which is still subject to a federal judge's approval.

In October 2012, Well Advantage, a Hong Kong firm controlled by Mr. Zhang, agreed to pay $14 million to settle insider trading charges brought by the United States Securities and Exchange Commission.

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Similar(48)

Johnson-Glenberg and Megowan-Romanowicz (2017) emphasize that the nature of a learning test can greatly affect how well advantages of an embodied learning implementation can be detected.

You may as well take advantage of it.

Furthermore, we might as well take advantage of this explosion of social entrepreneurship.

Future administrations may well take advantage of this to keep nuclear power.

Well, another advantage of metropolitan clusters is in the deep labour markets that result.

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