Yoomi Lee | Bloomberg LawSEC v. Compania Internacional Financiera S.A., No. 11-CV-04904 (S.D.N.Y. filed July 15, 2011); SEC Press Release No. PR-2011-149 (July 18, 2011) The Securities and Exchange Commission (SEC) obtained asset freezes and other emergency relief against three Swiss-based investment entities, Compania Internacional Financiera S.A., Coudree Capital Gestion S.A., and Chartwell Asset Management Services (collectively, Defendants), for allegedly purchasing Arch Chemicals, Inc. (Arch) securities while in possession of material, non-public information about a proposed acquisition of Arch. As such, the SEC alleges violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC also seeks injunctive relief against Defendants, disgorgement, and payment of civil monetary penalties.
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