The FBI is investigating high-speed Wall Street traders for possible insider dealing

Two weeks ago, New York Attorney General Eric Schneiderman expressed concerns about the anti-competitive practices of high-speed stock market trading firms, saying that such companies had “valuable advantages” that gave them a “leg up on the rest of the market.” Now The Wall Street Journal reports that the FBI is in the midst of an investigation into whether such high-speed trading firms have access to information that isn’t available to other traders.

An FBI spokesperson said the bureau launched its investigation — known as the High-Speed Trading Initiative — a year ago. The investigation is looking for violations of insider trading laws in a variety of trading activities, including whether high-speed traders have access to unfair…

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