this came across briefing.com this morning, any opinions on the matter...... Live In Play 11-Mar-05 06:52 Prosecutors are investigating if a small brokerage firm traded on information gleaned from Wall Street firms' "squawk boxes" -- WSJ Federal prosecutors are investigating whether a small brokerage firm and a former executive traded on confidential information about stock trades by listening in on large brokerage firms' internal broadcast systems, people familiar with the situation said. Authorities are investigating whether traders are using such information to buy or sell in advance of big market-moving orders. The squawk-box inquiry is being conducted by the Justice Department's U.S. attorney's office in Brooklyn, N.Y., and by the SEC. It involves trading at A.B. Watley Group Inc. One focus of the inquiry is trading by John J. Amore, who led a team of traders and was once the firm's chief executive, people familiar with the matter say. The authorities are looking into whether he and colleagues at A.B. Watley were able to obtain access to the squawk-box chatter by making payments to employees who worked at big-name Wall Street brokerage firms, these people said.