FINRA Expands Trading Huddle Probe

Law360, New York (December 18, 2009, 5:12 PM EST) -- The Financial Industry Regulatory Authority is reportedly investigating how major investment banks spread stock ratings and research, particularly to their trading desks and large clients.

FINRA is seeking information from Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley and other securities firms regarding any meetings where analysts provided unpublished research opinions or trading ideas to clients or nonresearch personnel, including traders, the Wall Street Journal reported Friday.

The agency began its investigation into what are known at Goldman Sachs Group Inc. as trading huddles following an...
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