Computer Store Inc. was investigated by the SEC.
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Legal proceedings in Connecticut federal court alleged that a group of individuals and brokers attempted to manipulate the price of Computer Store securities. The Sudbury, Mass.-based computer retailing company was not accused of any wrongdoing, and none of its officers, directors or employees were named in the SEC action. The company requested that NASDAQ and the Boston Stock Exchange temporarily suspend trading in the company’s securities, pending notice to the public of the commission’s actions. The company currently has 13 marketing and sales centers located from Massachusetts to Virginia.
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