Citigroup Settles With SEC in Dark Pool Lawsuit

Moderator: moderators

kreslik.news
rank: 10000+ posts
rank: 10000+ posts
Posts: 13913
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

Citigroup Settles With SEC in Dark Pool Lawsuit

Postby kreslik.news » Thu Sep 13, 2018 8:55 pm


Citigroup has agreed to pay more than $12 million to settle allegations that its Citi Order Routing and Execution (CORE) unit misrepresented its private trading venues, known as dark pools.

As part of the settlement, Citigroup will neither admit nor deny the allegations.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

At the heart of the cases against Citigroup are allegations that CORE misled investors in the dark pools, saying they would be protected from high-frequency traders.

According to the bank’s marketing materials, customers were supposed to have assurances that high-frequency traders were not allowed to trade in Citi Match, ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”