NY AG Vows Crackdown On 'Insider Trading 2.0'

Law360, New York (October 11, 2013, 5:01 PM EDT) -- New York’s Attorney General on Friday continued his crusade against so-called "Insider Trading 2.0," vowing to crack down on the practice of buying early access to market data and leveraging it through high-frequency trading.

In an op-ed published in the Albany Business Review, Eric T. Schneiderman said he is worried about small groups of privileged traders who create unfair advantages for themselves by combining early peeks at critical data with high-frequency trades.

“This new generation of market manipulators has devised schemes that allow them to suck...
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