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By SUSAN PULLIAM, JEAN EAGLESHAM and ROB BARRY
Federal prosecutors and securities regulators are taking a deeper look into how executives use prearranged trading plans to buy and sell shares of their company stock.
The Manhattan U.S. attorney’s office has launched a broad criminal investigation into whether seven corporate executives cited in a recent Wall Street Journal article traded improperly in shares of their own company’s stock, according to a person familiar with the matter. These executives lead companies in industries ranging from retailing to energy to data processing.