A program to change the way small-company stocks are traded could slow high-frequency action, though some worry that the initial steps are too tepid.» Read More
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Jefferies is backing a former SAC executive despite its own struggle with insider trading at an internal hedge fund.
Hedge funds that bet on corporate events have long been industry darlings; clients remain bullish despite July losses.
Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.