US Law Essentials

Alleging, among other things, that high frequency traders and securities exchanges (including the New York Stock Exchange) manipulated the market for securities, a law firm has filed a putative class action complaint  in a New York federal court.  This is not the only recent lawsuit in connection with high frequency trading.  A putative class action is a lawsuit that has not yet been certified to proceed as a class action.  The court will decide whether this case can continue as a class action.