Two traders in China and Hong Kong, Zhichen Zhou and Yannan Liu, will pay more than $920,000 to settle charges of insider trading. The traders’ assets were frozen last month when the SEC’s complaint was filed against them. They will disgorge the entirety of their ill-gotten profits and pay additional penalties. The SEC’s complaint alleged that Zhou and Liu traded in two healthcare company stocks, MedAssets Inc. and Chindex International, based on nonpublic information about their impending acquisitions by private equity firms. Liu was an associate at TPG Capital which had ties to both of the deals. SEC
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