SEC accuses ex-portfolio manager Plaford of insider trading

June 15, 2016 3:09 PM

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June 15 A former portfolio manager conducted insider trading ahead of federal regulatory announcements tied to the healthcare industry, and fraudulently inflated the value of securities he oversaw, a U.S. regulator said on Wednesday.

The U.S. Securities and Exchange Commission filed a civil lawsuit in Manhattan federal court accusing Christopher Plaford of fraud over his alleged trading and the alleged mismarking.

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