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SEC probes trading before U.S. rating cut: report

Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter.

 

Report: SEC has destroyed Wall Street probe records for 20 years

A former Securities and Exchange Commission lawyer has told Congress the regulator has routinely destroyed records of initial investigations ...

 

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