Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Additional Nexen-related settlements
A Hong Kong broker, her husband and brokerage clients agreed to pay more than US$3.3 million, while a Singapore resident agreed to disgorgement and a civil penalty. These were related proceedings involving other parties, not a stated enforcement action against Glorious Property itself.
2012
SEC action involving affiliates in Nexen insider-trading case
The US SEC obtained a court order freezing assets connected with Well Advantage and another affiliate reportedly controlled by Zhang Zhi Rong. The case concerned alleged insider trading in Nexen shares before CNOOC announced a tender offer. The supplied reference states that Zhang was not accused of wrongdoing and does not identify Glorious Property as a defendant.
2012
Well Advantage settlement
Well Advantage agreed to pay more than US$14.2 million to settle the SEC’s claims in the Nexen-related matter.