ITG Settles for Over $24m with SEC Over ADR Securities Violations

[kreslik.news]

The US Securities and Exchange Commission (SEC) has fined ITG $24.4 million, following a settlement that stemmed from a breach in federal securities laws in relation to American Depository Receipts (ADRs), per an SEC filing.

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The fine of ITG, an independent execution broker and financial data firm, constitutes the second edict in under six months for $20 million or more. Back in August, the group was also hit with fine of $20.3 million, together with its affiliate AlterNet Securities for breaches in breach of ... (read more)