Regulators probe block trading at Wall Street banks, hedge funds- WSJ – Reuters

Regulators probe block trading at Wall Street banks, hedge funds- WSJ – Reuters

Feb 14 (Reuters) - Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley (MS.N) and Goldman Sachs Group Inc (GS.N), the Wall Street Journal reported, citing people familiar with the matter.

The Securities and Exchange Commission (SEC), along with the Department of Justice, is investigating whether bankers may have improperly tipped off hedge funds ahead of large share sales, the report said on Monday.

Morgan Stanley, Goldman Sachs, the Securities and Exchange Commission and the Department of Justice declined to comment.