SEC freezes $32.5 million of Swiss entities' assets

SEC press association

The US Securities and Exchange Commission (SEC) has obtained court orders to freeze more than $32.5 million in assets of three Swiss asset management companies accused of insider trading.

Fund managers Compania International Financiera and Coudree Capital Gestion have had a total of $14.7 million of their assets frozen, while the third entity in question, Chartwell Asset Management Services, has had $18 million of its assets frozen, the SEC said.

The SEC alleges Compania and Coudree purchased

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