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SEC Case Against Aldred Trust Is Taken Under Advisement AdvisementBQSTONMass BQSTONMass June 7 After a hear ¬ ing Federal Judge George C Sweeney has taken the case of the Securities and Ex ¬ change Commission against Gordon B Hanlon and associates in the Aldred In ¬ vestment Trust under advisement advisementThe The Federal bureau charged Hanlon and six trustees of the local financial organi ¬ zation with gross misconduct and abuse of trust The specific charges were that Hanlon Elton D Hanlon Robert P Loring Ezra D Hart W Edward Hughes John L Arnold and Malcolm M Bowen used funds of the trust to purchase the controlling in ¬ terest in Suffolk Downs from Charles F Adams and V C Bruce Wetmore WetmoreDuring During the hearing the Securities and Exchange Commission petitioned the court to name a receiver for the Aldred Invest ¬ ment Trust who would have the power to liquidate the companys assets and distrib ¬ ute them to creditors
