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Big Board considers action over 'insider' trades

The New York Stock Exchange's regulatory unit is considering taking action against brokerage firms that may have harmed investors by trading on knowledge of their plans to buy and sell stock.

The Wall Street Journal reports that Robert Marchman, executive vice-president of market surveillance at the NYSE said the exchange was in the process of evaluating some trades that raise questions about whether US firms used their knowledge of certain types of orders to make money at the expense of their customers.

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