Traders Hit With SEC Suit Over Involvement In Market Manipulation Scheme

(December 13, 2016, 3:16 PM EST) -- NEWARK, N.J. — The Securities and Exchange Commission on Dec. 12 sued two stock traders in New Jersey federal court, alleging that the traders engaged in a “lucrative fraudulent market manipulation scheme” that provided them with $26 million in illicit profits in violation of federal securities laws (Securities and Exchange Commission v. Joseph Taub, et al., No. 16-9130, D. N.J.)....

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