SEC Charges Two Chinese Executives With Insider Trading

The Securities and Exchange Commission (SEC) charged executives of Cheetah Mobile Inc. with insider trading for selling Cheetah Mobile’s securities done a trading program that withheld “a worldly antagonistic gross trend.” According to the SEC order connected Sept. 21, Sheng Fu, the company’s CEO, and Ming Xu, its then-president and main exertion officer, jointly established a purported 10b5-1 trading program aft becoming alert of a important driblet succe...