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In a controversial lawsuit that some see as an incursion on First Amendment protections and a broad step over regulatory boundaries, the Securities and Exchange Commission is suing a Baltimore publishing company for fraud. In the past, the government successfully pursued publishers for misusing insider information in violation of securities laws. But this is one of the first securities cases over comments about a company the defendant didn't receive compensation from or in which it had no stock ownership.
November 18, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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