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NEW YORK (Reuters) - U.S. securities regulators on Thursday sued Hazem Khalid Al-Braikan of Kuwait, the chief executive of Al-Raya Investment Co, over suspicious trading profits earned after the dissemination of a false takeover announcement for Harman International Industries Inc .
The Securities and Exchange Commission filed the suit in U.S. District Court in Manhattan, saying Al-Braikan and other defendants realized profits of more than $5 million from the trading.
The SEC said the case also involved suspicious trading in securities of Textron Inc
(Reporting by Martha Graybow; editing by John Wallace)
| 1st Jan change | Capi. | |
|---|---|---|
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B | |
| +30.12% | 10.21B |
HARMAN INTERNATIONAL INDUSTRIES INC 
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