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Investors, Exchanges Both Claim SEC's Favor At 2nd Circ.

By Joyce Hanson (December 13, 2016, 5:23 PM EST) -- A group of investors and seven national securities exchanges that dispute whether the exchanges enjoy absolute immunity from lawsuits told the Second Circuit on Monday that the U.S. Securities and Exchange Commission's amicus brief supports their conflicting arguments, as the investors attempt to revive their "Flash Boys"-inspired suits that were thrown out of district court....

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