Defendant Name: KCG Americas LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: KCG Holdings, Inc.
SIC Code: 6799
CUSIP: 48244B10

Initial Case Details

Legal Case Name In the Matter of KCG Americas LLC
First Document Date 21-Dec-2015
Initial Filing Format Administrative Action
File Number 3-17012
Allegation Type Broker Dealer

Violations Alleged

Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 21-Dec-2015
Headline Total Penalty and Disgorgement $1,055,197

Related Documents:

33-9996 21-Dec-2015 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 21, 2015, the SEC instituted settled administrative and cease-and-desist proceedings against KCG Americas LLC. According to the SEC: "These proceedings arise out of Respondent's failure to seek to obtain best execution of certain customer orders. As a result of such failures, Respondent's representations to its customers that their orders were being handled consistent with best execution requirements was inaccurate."