N.Y. Attorney General Launches Probe of Short-Selling Amid Market Upheaval

New York state is launching an investigation into whether some traders used illegal tactics to drive down the stock price of several Wall Street firms, including Lehman Brothers Holdings, Goldman Sachs Group and Morgan Stanley. AG Andrew Cuomo said his office has received a "significant number" of complaints about short sellers, or investors who hope to profit by placing bets that a financial company's stock will fall. The investigation comes amid growing international scrutiny over short-selling.