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ITG Settles Dark Pool Case for $12 Million

November 19, 2018 by Eugene Grygo

ITG Settles Dark Pool Case for $12 Million

Agency broker ITG Inc. and its subsidiary AlterNet Securities Inc. are paying $12 million to settle charges via the SEC that it misled dark pool subscribers. Earlier this year, officials at ITG, which also offers financial technology, acknowledged the case and settlement amount. ITG maintains that it has taken remedial action while neither admitting nor… Read More >>

Filed Under: Securities Operations, Buy-Side, Data Management, Industry News, Mergers & Acquisitions, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, FinTech Trends, Back-Office, Standards, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance Tagged With: AlterNet Securities Inc., dark pool subscribers, Douglas A. Cifu, ITG Inc., misstatements, POSIT, SEC, settlement, trading data

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