Judge Freezes Assets in Stock-Manipulation Case

A U.S. federal judge has agreed to freeze the assets of a company being accused of manipulating the stocks of 38 companies listed on the Nasdaq and New York Stock Exchange via compromised trading accounts, the U.S. Securities and Exchange Commission said. The SEC alleges in a complaint filed in federal district court in New York that BroCo Investments and its president, Valery Maltsev, gained access to investor accounts using stolen usernames and passwords, and placed unauthorized trades through the accounts.