And so it begins:

The Securities and Exchange Commission Tuesday accused two Hong Kong residents of using inside information to buy $15 million of Dow Jones & Co. stock ahead of an announcement that News Corp. was seeking to buy the company.

The lawsuit in U.S. District Court in Manhattan named as defendants Kan King Wong and Charlotte Ka On Wong Leung, a married couple living in Hong Kong.

According to the lawsuit, Mr. Wong and his wife, Charlotte, bought 415,000 shares of Dow Jones stock in the two weeks prior to the announcement last week that News Corp. had offered to buy Dow Jones.

The suit gives no details as to how the pair might have obtained the information, but they did manage to turn a profit of $8.18 million. This is going to be so much fun!

SEC Accuses Couple in Probe Of Trading in Dow Jones Stock [AP]