SEC v. Well Advantage Limited, et al., Case No. 12-cv-5786(S.D.N.Y.).  Previously, I’ve blogged here and here about the SEC’s asset freezes obtained in connection with insider trading related to various Chinese companies.  On October 18, 2012, the SEC announced that a Hong Kong-based firm charged with insider trading in July has agreed to settle the case by paying more than $14 million, which is double the amount of its alleged illicit profits.  Well Advantage has agreed to the entry of a final judgment requiring payment of $7,122,633.52 in illegal profits made from trading Nexen stock, and payment of a $7,122,633.52 penalty.  The proposed judgment also enjoins Well Advantage from future violations of Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-5.  Well Advantage neither admits nor denies the charges.