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10Jul/130

Newedge fined $9.5 million for failing to police high-speed clients

SAN FRANCISCO - Brokerage Newedge USA LLC has agreed to pay a $9.5 million fine to settle allegations by FINRA and U.S. stock exchanges that it failed to adequately monitor and prevent "potentially manipulative and suspicious trading activity" by high-speed traders on U.S. stock markets.

reuters.com

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