Difference between revisions of "Eric T. Schneiderman"

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Eric T. Schneiderman is the 65th Attorney General of New York State. He was elected on November 2, 2010. As Attorney General, he is the highest ranking law enforcement officer for the State, responsible for representing New York and its residents in legal matters.<ref>{{cite web|url=http://www.ag.ny.gov/about-attorney-general|name=About the Attorney General|org=Office of the New York State Attorney General|date=March 20, 2014}}</ref>  
Eric T. Schneiderman is the 65th Attorney General of New York State. He was elected on November 2, 2010. As Attorney General, he is the highest ranking law enforcement officer for the State, responsible for representing New York and its residents in legal matters.<ref>{{cite web|url=http://www.ag.ny.gov/about-attorney-general|name=About the Attorney General|org=Office of the New York State Attorney General|date=March 20, 2014}}</ref>  


In 2014, Schneiderman spearheaded an effort to crack down on [[high frequency traders]] and began looking into services that allow fast traders to profit on important information before other investors see it. He urged regulators and stock exchanges to curb some of these practices, which he said helped foster what he called “insider trading 2.0.”   
In 2014, Schneiderman spearheaded an effort to crack down on [[high frequency traders]] and began looking into services that allow fast traders to profit on important information before other investors see it. He urged regulators and stock exchanges to curb some of these practices, which he said helped foster what he called “[[insider trading]] 2.0.”   


His investigations led the news services Thomson Reuters, BusinessWire, and MarketWired to end the practice of selling their information feeds directly to high-frequency traders, given them a split-second advantage over other investors who receive the news later.<ref>{{cite web|url=http://dealbook.nytimes.com/2014/03/19/news-release-distributor-to-stop-selling-to-high-speed-traders/?_php=true&_type=blogs&_r=0|name=News Release Distributor to Stop Selling to High-Speed Traders|org=The New York Times|date=March 20, 2014}}</ref>  
His investigations led the news services Thomson Reuters, BusinessWire, and MarketWired to end the practice of selling their information feeds directly to high-frequency traders, given them a split-second advantage over other investors who receive the news later.<ref>{{cite web|url=http://dealbook.nytimes.com/2014/03/19/news-release-distributor-to-stop-selling-to-high-speed-traders/?_php=true&_type=blogs&_r=0|name=News Release Distributor to Stop Selling to High-Speed Traders|org=The New York Times|date=March 20, 2014}}</ref>