Not illegal, but "unfair"
5:18 pm
Wed February 26, 2014

Schneiderman: brokerages halt "insider trading 2.0"

New York Attorney General Eric Schneiderman says investment companies were taking advantage of non-public information.
New York Attorney General Eric Schneiderman says investment companies were taking advantage of non-public information.
Credit Charles Lane

New York Attorney General Eric Schneiderman says he's reached a deal with 18 investment banks to halt what he calls Insider Trading 2.0.  This is the latest in an ongoing investigation over something that isn't exactly illegal.