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SEC queries Par trading

The Securities and Exchange Commission is checking into the pattern of trading in Paramount Communications stock prior to the studio’s announcement on Sept. 12 that it would merge with Viacom Inc., Daily Variety has learned.

While there are no allegations of improper trading in the stock, the SEC is making inquiries regarding the publication dates of certain information about the deal. Wall Street’s regulatory agency regularly examines trading of “hot” issues, a source close to the agency said.

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