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Trader to pay $5.2 million to settle Smithfield insider trading case

2013-09-06 02:04:17| Food - Topix.net

A Thailand-based trader will pay $5.2 million to settle civil charges that he traded on nonpublic information ahead of a public announcement about the proposed acquisition of Smithfield Foods Inc by China-based Shuanghui International Holdings, U.S. regulators said.

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