Get tough on people who were unfairly gaming the market at the expense of individual investors. Our own Charlie Gasparino broke the news on this story right here on fbn. He joins us now. Charlie, what do you have . I dont know if this is good for hft firms or not. Heres what we know. Schneiderman is not focusing on perp walks. He is not focusing on going after the hft firms, using the martin act, which is a very strong new york law, you can indict someone tantamount to a parking ticket. He will not use that to put people in jail but from what we understand he is focusing very intently on Structural Reforms in the hft business. He wants to remove their Data Information edge. They used to get the first read on Thomson Reuters university of michigan surveys. Marketmoving events somehow those were sold to them by the exchanges. So they can get the first read and could trade a nanosecond ahead of everybody or second ahead of everybody. He wants to end that. He wants to end other sorts of ad
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