October 16, 2019 / 8:32 PM / a month ago

U.S. SEC freezes assets of 18 China-based traders over manipulation

WASHINGTON, Oct 16 (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday that it has obtained an asset freeze against 18 China-based traders over a market-manipulation scheme.

The SEC said the primarily China-based traders manipulated more than 3,000 U.S.-listed securities for over $31 million in illicit profits. (Reporting by Katanga Johnson; Editing by Sandra Maler)

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