Two dozen major Wall Street securities firms agreed to settle charges that they fixed prices on the Nasdaq market, Attorney General Janet Reno said Wednesday.

Speaking to reporters after Nasdaq had closed for the day, Ms. Reno said the firms agreed not to pressure brokerage houses to artificially inflate the spread between the buy and sell price of a stock.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.