Recently, the vice president of trading at a subsidiary of Houston-based Cheniere Energy Inc. was accused by the U.S. Securities and Exchange Commission of “tipping” a former college friend.
According to the civil complaint recently filed by the SEC, Nicolas Zanen participated with his friend Francis J. van Steenberge in insider trading in Cheniere options ahead of announcements about Cheniere’s entry into contracts with certain counterparties and Cheniere’s public stock offering. Cheniere is a company that develops natural gas infrastructure. Cheniere, which counts activist investor Carl Icahn among its top investors, will soon begin exporting its first substantial volumes of liquefied natural gas from the U.S. by ocean.
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