An unidentified source said that New York Attorney General Eric Schneiderman is seeking to subpoena six trading companies, including Chopper Trading LLC, Jump Trading LLC and Tower Research Capital LLC over its trading strategies that might have given them unfair advantage over their rivals.
Bloomberg said that the 2009 order of US Bankruptcy Judge Robert Gerber, who presided over the Chapter 11 reorganization of General Motors Co, prohibits the automaker from settling claims for damages of its predecessor's liabilities.
A securities expert told Bloomberg that despite the increase exchange-traded note investments seen in the last two years, investors do not still have a clue on how these volatile securities work or the risks associated with it.
Spokeswoman Lucy Nashed for Texas Governor Rick Perry confirmed in an email statement yesterday that the governor has hired a criminal defense lawyer to represent him in an ethics probe about his line item veto of the funding of a state investigative unit for corruption cases by public officials.
