Defendant Name: KCG Americas LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Virtu Financial, Inc.
SIC Code: 9999
CUSIP: 92825410

Initial Case Details

Legal Case Name In the Matter of Virtu Americas LLC (f/k/a KCG Americas LLC
First Document Date 30-Sep-2019
Initial Filing Format Administrative Action
File Number 3-19563
Allegation Type Broker Dealer

Violations Alleged

Other
• Rules 1001(a)(1), 1001(b)(1), 1001(c), 1003(a)(1), 1003(b), 1004(a), 1004(b), 1004(c), 1005(b) Regulation SCI

Resolutions

First Resolution Date 30-Sep-2019
Headline Total Penalty and Disgorgement $1,500,000

Related Documents:

34-87155 30-Sep-2019 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 30, 2019, the SEC instituted settled administrative and cease and desist proceedings against Virtu Americas LLC (f/k/a KCG Americas LLC) ("VAL"). The SEC stated: "These proceedings arise out of the failure of VAL's predecessor entity, KCG Americas LLC ("KCGA"), to comply with Regulation Systems Compliance and Integrity ("Regulation SCI"). VAL owns and operates Virtu MatchIt, formerly known as KCG MatchIt, an alternative trading system ("ATS") commonly referred to as a 'dark pool.'"
34-87155-s 30-Sep-2019 Administrative Summary
SEC Orders Virtu to Pay $1.5 Million Penalty for Violations of Regulation SCI
The SEC stated that: "Virtu Americas LLC (f/k/a KCG Americas LLC) agreed to pay $1.5 million to settle charges for failing to comply with Regulation SCI. The Commission adopted Regulation SCI to strengthen the technology infrastructure and integrity of the U.S. securities markets."