BofA and NYSE sued over high-frequency trading


Bank of America and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence, Rhode Island, over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares.

High-speed traders to be subpoenaed in U.S. probe


New York Attorney General Eric Schneiderman sent subpoenas to six high-frequency trading firms seeking information about special arrangements they have with exchanges and dark pools as well as their trading strategies, according to a person familiar with the matter.

Prosecution witness in Martoma trial says he lied to FBI

Hand On Mouth

The prosecution’s star witness against Mathew Martoma testified that he lied about passing inside information to the former SAC Capital Advisors fund manager when he was first questioned by agents of the Federal Bureau of Investigation in September 2011.