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Securities

Aug. 5, 1999

SEC Conducts Crackdown on Stock Fraud

SAN FRANCISCO - The Securities and Exchange Commission conducted a nationwide sweep targeting suspected manipulators of the stock of small companies Tuesday, filing 26 enforcement actions against 82 people and companies that allegedly raked in more than $12 million in illegal profits.

By Dennis Pfaff
Daily Journal Staff Writer
        SAN FRANCISCO - The Securities and Exchange Commission conducted a nationwide sweep targeting suspected manipulators of the stock of small companies Tuesday, filing 26 enforcement actions against 82 people and companies that allegedly raked in more than $12 million in illegal profits.
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