Defendant Name:
KCG Americas LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Virtu Financial, Inc.
SIC Code:
9999
CUSIP:
92825410
Document Reference:
34-87155
Document Details
Legal Case Name
In the Matter of Virtu Americas LLC (f/k/a KCG Americas LLC)
Document Name
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
Document Date
30-Sep-2019
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
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.'"
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$1,500,000.00
Shared:
