Defendant Name: Virtu Financial, Inc.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 92825410

Initial Case Details

Legal Case Name SEC v. Virtu Financial Inc. and Virtu Americas LLC
First Document Date 12-Sep-2023
Initial Filing Format Civil Proceeding
Case Number 23-cv-08072
Allegation Type Broker Dealer
Federal District Court New York, Southern District of New York

Violations Alleged

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

Resolutions

First Resolution Date

Related Documents:

comp-pr2023-176 12-Sep-2023 Complaint
Complaint
The SEC stated: "This matter relates to false and misleading statements by Defendant VFI and its subsidiary VAL, an SEC registered broker-dealer that processes approximately 25% of market orders placed by retail investors in the U.S., and VAL’s associated failure to establish, maintain, and enforce policies and procedures reasonably designed to prevent the misuse of material, nonpublic information (“MNPI”)."
LR-25827 12-Sep-2023 Litigation Release
SEC Charges Virtu for False and Misleading Disclosures Relating to Information Barriers
On September 12, 2023, the SEC stated that: "[It] filed charges against broker-dealer Virtu Americas LLC and its parent company, Virtu Financial Inc. (collectively, Virtu), for making materially false and misleading statements and omissions regarding information barriers to prevent the misuse of sensitive customer information."
2023-176 12-Sep-2023 Press Release--Civil Action
SEC Charges Virtu for False and Misleading Disclosures Relating to Information Barriers
On September 12, 2023, the SEC stated that: "[It] "filed charges against broker-dealer Virtu Americas LLC and its parent company, Virtu Financial Inc. (collectively, Virtu), for making materially false and misleading statements and omissions regarding information barriers to prevent the misuse of sensitive customer information."
court_doc28_23-cv-08072 12-Jan-2024 Complaint
Amended Complaint
On January 12, 2024, the SEC submitted an amended complaint against Virtu Financial Inc. for their "failure to establish, maintain, and enforce policies and procedures reasonably designed to prevent the misuse of material, nonpublic information" and multiple false statements related to this failure.

Other Defendants in Action:

Virtu Americas LLC