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Watchdog FINRA probes banks’ bond transactions: WSJ


Watchdog FINRA probes banks’ bond transactions: WSJ

(Reuters) - Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors, the Wall Street Journal reported. FINRA is crunching through reams of trading data, looking for instances in which the middlemen have earned unusually large profits on bond deals, the Journal said, citing officials.


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