Eric Schneiderman

AP/John Minchillo

Large institutional investors have long been at the mercy of flash traders who use computers to make thousands of trades a second, skimming off tiny bits of profit from pension and retirement accounts. 

For protection fund managers sought out private stock exchanges called dark pools where only certain investors were allowed in. 

Think of them like a fish tank for guppies. 

"What Barclays is accused of is making promises that they would keep sharks out of the pool but were actually sort of inviting the sharks into the pool."

AP/Matt Rourke

An online payday lender will begin refunding borrowers in New York up to $20 million in what regulators call "illegally high interest" rates. 

Western Sky Financial was a prominent online lender that offered short-term loans at triple digits interest rates. New York sued along with several other states with strict usury laws that cap interest rates. In New York the interest rate cap is 16%.  

Officials say the users of the site who register with settlement manager will get refunds based on the difference between the legal interest rate and the rate charged.  

PRNewsFoto/NYAG

New York Attorney General Eric Schneiderman announced Wednesday that he’s reached a deal with a newswire to prevent high frequency stock traders from having early access to financial news.  The agreement with PR Newswire is the third such deal Schneiderman has reached with a news service.   

The New York Attorney General's office is investigating claims that a Long Island nursing home allowed a stripper to perform for residents. The investigation comes after a lawsuit brought by the family of an 85-year-old woman.

AP Photo/Charles Krupa

Police all across New York state will be supplied with the drug widely seen as an antidote to heroin and painkiller overdoses. New York Attorney General Eric Schneiderman created the program and funded it with $5 million in money seized from criminal investigations.   

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