By Jul 24, 2009, 12:33 AM 

The SEC on Thursday charged a Kuwait-based trader and three related foreign entities with making millions of dollars in trading profits following the dissemination of false news about two U.S. companies. The lawsuit alleges that the foreign entities profited in April after a Kuwaiti newspaper falsely reported that some Middle Eastern companies were trying to purchase  Connecticut-based Harman International Industries, (HAR), and Textron Inc. (TXT).

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