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Saturday, June 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Says Realty Trust CEO Goosed Shares

NEW HAVEN (CN) - Excellency Investment Realty Trust CEO David Mladen manipulated share price by placing a series of large online trades at increasingly higher prices, creating the appearance of increasing value, the SEC claims in Federal Court. It claims Mladen drove the share price from $8 to $24.35 until the scheme collapsed.

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