Monday, 4 Nov 2024

SEC says Citadel Securities ordered to pay $3.5 million as penalty

(Reuters) – The U.S. Securities and Exchange Commission said on Monday that Citadel Securities LLC has been ordered to pay a penalty of $3.5 million for reporting incorrect trade execution data for about 80 million trades from November 2012 to August 2016.

    Citadel Securities, which provides trading services to asset managers, banks, broker-dealers, and hedge funds, was not immediately available for a comment.

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