- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-09-13T14:24:00
Virtu Financial and its broker-dealer affiliate Virtu Americas face a lawsuit filed by the Securities and Exchange Commission (SEC) alleging the company misled its customers regarding its safeguards to protect their information contained in its trading business database.
The SEC’s complaint, filed Tuesday in U.S. District Court for the Southern District of New York, accuses Virtu of failing to establish, maintain, and enforce policies and procedures reasonably designed to prevent misuse of customer information.
The agency is seeking permanent injunctive relief, disgorgement with prejudgment interest, and civil penalties in its continuing litigation.
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2023-09-13T15:56:00Z By Kyle Brasseur
Yieldstreet and its investment adviser affiliate agreed to pay more than $1.9 million as part of a settlement with the Securities and Exchange Commission addressing allegations the firm did not disclose heightened risks regarding a $14.5 million asset-backed securities offering.
2023-09-12T18:13:00Z By Kyle Brasseur
Nine investment advisers agreed to pay a total of $850,000 in penalties across separate settlements with the Securities and Exchange Commission addressing alleged violations of the agency’s amended marketing rule.
2023-09-08T20:14:00Z By Jeff Dale
Monolith Resources, a privately held energy and tech company, agreed to pay $225,000 to settle charges by the Securities and Exchange Commission it used employee separation agreements that violated whistleblower protection rules.
2025-05-22T14:37:00Z By Aaron Nicodemus
The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
2025-05-20T12:30:00Z By Oscar Gonzalez
The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
2025-05-16T19:24:00Z By Oscar Gonzalez
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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