The SEC is investigating a California company.
Shearson Lehman Bros. said the Securities and Exchange Commission is investigating possible market manipulation of securities in which Shearson was a market maker. The SEC has obtained a “formal order of investigation†relating to possible manipulation of the securities of Hammer Technologies Inc. and related companies, the brokerage company said. Hammer Technologies is a Larkspur, Calif.-based holding company dealing in sales and rentals of video tapes, recorders, televisions, computer products and related equipment.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
