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Browse: Home / 2014 / September / 08 / Law Firms Sue Stock Exchanges Over High-Frequency Trading – Law Blog – WSJ

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

By Securities Docket on September 8, 2014, 3:24 pm

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.

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

Posted in Class Actions, Top | Tagged High-Frequency Trading

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