Brokerage firm A.G. Edwards announced this week that the Justice Department is looking into possible improper trades at the company, Dow Jones Newswires reports.

Months back, the company admitted that other agencies, including the Securities and Exchange Commission and National Association of Securities Dealers, had also subpoenaed and requested information on late trading and market timing. This new filing added the Justice Department to a growing list.

While the St. Louis-based firm didn't go into specifics, it did admit that it could face some regulatory action for "timing transactions." Neither the filing nor a Dow Jones interview with an A.G. Edwards spokesman cleared up the question of whether the Justice Department’s probe included a subpoena.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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