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A former Boesky firm trader settled a suit.

April 08, 1987

Michael Davidoff, 43, former chief trader for Ivan F. Boesky's Seemala Corp., settled a civil complaint accusing him of violating Securities and Exchange Commission regulations by falsifying trading records, the SEC said. The commission said he consented in a New York federal court action to permanent injunctions forbidding him from further violations. He also agreed to accept a permanent bar against further involvement in the securities industry, the SEC said. While not contesting the injunctions, Davidoff neither admitted nor denied the SEC's allegations.

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