Wednesday, May 9, 2007
The SEC complaint charging a Hong Kong husband and wife with trading in Dow Jones stock while in possession of information about the Murdoch bid did not name the source of the information. Instead, it focuses on the amount and the timing of the purchases, which it describes as "highly suspicious." Newspapers, however, report that the couple has a connection to a Dow Jones director, David K.P. Li, a banker in Asia. The wife's father, and the source of some of the funding for the purchase, is a Hong Kong business man and business associate of Li. See NYTimes, Scrutiny Seen of Trading in Dow Jones; WSJ, Insider Trading Alleged in Shares Of Dow Jones.