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.
court_doc65_23-cv-08072 02-Dec-2025 Court Docket Document
Final Judgment as to Defendants Virtu Financial Inc. and Virtu Americas LLC
The Commission stated: "WHEREAS, Defendants Virtu Financial, Inc. ("VFI") and Virtu Americas LLC ("VAL") having entered general appearances; consented to the Court's jurisdiction over Defendants and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying any of the allegations in the Amended Complaint ( except as to jurisdiction and except as otherwise provided herein); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment"
LR-26427 03-Dec-2025 Litigation Release
SEC Obtains Final Consent Judgment as to Virtu Broker-DealerRegarding Alleged Failure to Establish, Maintain, and EnforcePolicies and Procedures Reasonably Designed to Prevent Misuse of Its Customers' Material Nonpublic Information
The Commission stated: "On December 2, 2025, the U.S. District Court for the Southern District of New York entered a final consent judgment in the SEC's civil enforcement action against broker-dealer Virtu Americas LLC ("Virtu Americas"). Virtu Americas consented to entry of the judgment without admitting or denying the SEC's allegations."

Other Defendants in Action:

Virtu Americas LLC