WASHINGTON (Reuters) - U.S. authorities have charged two financial traders in New Jersey over a stock manipulating scheme that netted the pair more than $26 million, the U.S. Securities and Exchange Commission and the state's U.S. Attorney said on Monday.

 

Joseph Taub, 37, and Elazar Shmalo, 21, were arrested and "charged with orchestrating a massive, long-running market manipulation scheme," that resulted in the millions in illegal profits between 2014 and 2015, U.S. Attorney Paul Fishman said.

 

(Reporting by Susan Heavey and Nate Raymond; Editing by Chizu Nomiyama)