Daily Archives: September 8, 2014, 3:24 pm

Law Firms Sue Stock Exchanges Over High-Frequency Trading – Law Blog – WSJ

Three big law firms have joined forces to pursue legal action against major U.S. stock exchanges, claiming the exchanges handed unfair advantages to high-frequency traders to the detriment of regular investors. The lawsuit, filed in the U.S. District Court of the Southern District of New York, could test a cornerstone of U.S. securities law: exchanges’ immunity from lawsuits seeking damages.…

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5 Things: Longest Insider-Trading Sentences – WSJ

Former SAC Capital Advisors portfolio manager Mathew Martoma is scheduled to be sentenced Monday following his insider-trading conviction in February. Prosecutors are seeking a prison term of at least eight years; he could face nearly 20 if the judge adheres to federal guidelines. Here’s how that range compares with the longest jail terms handed down for insider trading. via 5 Things: Longest…

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