Children’s Place CEO Forced To Resign Over Shady Stock Trades.

Children’s Place CEO Ezra Dabah has resigned after reportedly violating the company’s stock-trading policies.

According to reports, Dabah failed to report an increase in his wife’s holdings of Children’s Place stock. Ezra also pledged shares to a margin account during a “blackout period” without board approval on two separate occasions.

Still, the company says that Dabah did not improperly benefit from the violations.

Children’s Place runs 328 Disney Stores and 889 Children’s Place clothing stores.

The company’s Chief Creative Officer was also demoted for violating company expense policies.