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Speed Traders Should Search Souls Amid Probe, N.Y. Watchdog Says

High-frequency traders and dark-pool operators should do “some soul-searching” and develop new ideas to improve their industry amid a probe, according to a top official in the New York attorney general’s office.

Chad Johnson, head of the state’s Investor Protection Bureau, told a conference yesterday that while Attorney General Eric Schneiderman examines trading practices, Wall Street should help by suggesting ways to change for the better. It would be a mistake to think concerns about stock-market fairness are just bad publicity or extreme language used by critics, he said.