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Sergey Aleynikov Hearing on Sept 16, 2009

The next hearing in U.S. v. Sergey Aleynikov, the most disgraceful criminal prosecution since the Duke Lacrosse Case, will be held this coming Wednesday.  While we don't know whether the charges against  Aleynikov will be dismissed, there has been a related development.Bloomberg is reporting that the SEC wants to take a look inside Wall Street's black box:Sept. 10 (Bloomberg) -- The U.S. Securities and Exchange Commission is "rigorously" investigating whether traders are using technology to manipulate markets, the agency's enforcement and inspections chiefs said today.The regulator is probing suspected ?market manipulation based on complex use of technology and advanced trading systems,? said SEC Enforcement Director Robert Khuzami and acting examinations director John Walsh in testimony prepared for a Senate Banking Committee hearing...continue to full post

Full post as published by Crime & Federalism on September 11, 2009 (boomark / email).