A Hong Kong investment management company said...

A Hong Kong investment management company said it was cooperating with U.S. officials investigating Fred C. Lee, an ex-client accused of involvement in an insider-trading scheme in the United States. The U.S. Securities and Exchange Commission has accused Lee, of Taiwan, of making $19 million by trading on tips about impending corporate takeovers given by Steven Wang Jr., a junior analyst on Wall Street. Nigel Lester, managing director of Hong Kong-based Federated International Investment Management (FE) Ltd., said Lee recently was a client. Meanwhile, a law making insider trading a criminal offense in Switzerland takes effect today, which will make it easier for the Swiss to help the SEC. The SEC has asked Switzerland for help in six cases of possible insider trading, including the Wang and Lee case.