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Merrill Lynch: Front Running?

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Merrill Lynch broker's aren't just crapping on their bond traders. It seems they're crapping on the clients too. At least that possibility is what has prompted the Securities and Exchange Commission to investigate whether Merrill Lynch brokers improperly placed trades for the brokerage house's own account ahead of client orders.

SEC Looks at Merrill Trading In Search of 'Front-Running'
[Wall Street Journal]