WSJ: Finra probes trading tied to Credit Suisse

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

At issue are hundreds of suspect trades by clients of Credit Suisse (CS -0.4%), and Finra is also looking into whether those clients' trading operations - often based overseas - violated U.S. anti-money-laundering rules.

Credit Suisse plans to cut times with a number of the firms, say sources, and has given them about two months t find another trading partner.

The probe isn't about HFT, but instead focused on firms employing human traders - often in places like China and India, and regulators have been looking into their actions for years over concern about market manipulation or money-laundering.