WALL STREET – A British couple is being investigated for insider trading in a number of recent takeover deals, including the $1.7 billion acquisition of John. H. Harland Co. by M&F Worldwide. A federal judge froze $5.3 million in assets of Sunil and Seema Sehgal last week after the Securities and Exchange Commission accused the husband and wife of insider trading in options to buy shares of TXU Corp., just before the Texas utility agreed to a takeover by Kohlberg Kravis Roberts & Co. last month. The SEC said it is investigating the Sehgals and other investors for suspicious trading in the options or stock of several other merger candidates, including John H. Harland, Caremark Rx and Hydril Co.
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