Lighthouse Point Local Business

Lighthouse Point Local Business

Local business in Lighthouse Point, FL

  • Wednesday Aug 12 | via Sys-Con Media 

    Investment Technology Group, Inc.: Kaplan Fox and Wi...

    The Complaint alleges that, throughout the Class Period, ITG held itself out as an "agency-only" and "conflict-free" broker, and represented that POSIT safeguarded client trading data, but omitted to disclose: " that, as detailed in the SEC Settlement Order, between , the Company operated a proprietary trading pilot called 'Project Omega' within the Company's AlterNet subsidiary that involved 'crossing against sell-side clients in POSIT' and violations of the Company's policies and procedures by Mittal, a former ITG Managing Director, Head of Algorithmic Trading, and Head of Liquidity Management; that Mittal, while head of Project Omega, along with numerous other employees, accessed private client data within the Company while simultaneously operating a proprietary trading strategy, a clear conflict of interest; that this conduct violated Regulation ATS; and that the Company was under ... (more)

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    Related Topix: Financial Services, Investment Technology Group, Investment Services, Corporate / Securities Law, Law