Launched by the Federal Bureau of Investigation
about a year ago, the investigation called the High-Speed
Trading Initiative, is still in its primary stages, a senior FBI
official and an agency spokesman told the Journal. (http://link.reuters.com/fab28v)
The spokesman told the newspaper that high-speed trading based
on information about orders that other investors do not have
access to and hence putting them at a disadvantage could violate
The FBI has deployed a large number of agents, looking at
proprietary-trading outfits as well as fast-trading operations
at brokers who buy and sell orders on behalf of clients, such as
mutual funds and pension plans, the newspaper said.
Regulators, including the Securities and Exchange Commission,
the Commodity Futures Trading Commission and the Financial
Industry Regulatory Authority that oversees broker dealers are
working with the FBI on the probe, the Journal reported.
The FBI was not immediately available for comments when
contacted by Reuters.
(Reporting by Shubhankar Chakravorty in Bangalore;
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