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Unifirst Corp

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BUSINESS
December 22, 1990 | From a Times Staff Writer
The Securities and Exchange Commission on Friday suspended trading for 10 days in the stock of an Irvine developer of child-care centers as part of a nationwide investigation into alleged market manipulation by some stockbrokers. Sources close to the investigation indicated that neither Unifirst Corp., a penny-stock company based in Irvine, nor its executives are presently under investigation.
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BUSINESS
December 22, 1990 | From a Times Staff Writer
The Securities and Exchange Commission on Friday suspended trading for 10 days in the stock of an Irvine developer of child-care centers as part of a nationwide investigation into alleged market manipulation by some stockbrokers. Sources close to the investigation indicated that neither Unifirst Corp., a penny-stock company based in Irvine, nor its executives are presently under investigation.
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BUSINESS
May 20, 1999 | Bloomberg News
The Securities and Exchange Commission can't permanently bar an individual from trading penny stocks for allegedly engaging in fraud before a 1990 federal securities reform law took effect, a federal appellate court ruled Wednesday. The ruling stems from the SEC's 1995 attempt to bar over-the-counter securities dealer Russell Koch from participating in the offer of any penny stock after he allegedly provided materially false and misleading information about a company called Unifirst Corp.
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