A federal judge dismissed charges against Hengen.
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After a two-day civil trial last month, the SEC asked U.S. District Judge Milton Pollack to dismiss insider trading charges against Ronald F. Hengen. In a suit filed in January, the SEC accused Hengen of tipping a broker to confidential earnings forecasts in 1983 for Puritan Fashions Corp. Puritan is no longer publicly traded. Hengen, president of R. F. Hengen Inc., a public relations firm, had been charged along with Puritan’s former vice chairman, Samuel Rubenstein, and two brokers. Rubenstein and the brokers all previously settled the SEC charges without admitting or denying wrongdoing.
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