{"id":5853,"date":"2015-08-13T00:00:00","date_gmt":"2015-08-13T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/08\/itg_alternet_securities_to_pay"},"modified":"2022-03-11T10:18:42","modified_gmt":"2022-03-11T16:18:42","slug":"itg-alternet-securities-to-pay","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/itg-alternet-securities-to-pay\/","title":{"rendered":"ITG, AlterNet Securities to Pay $20.3M to Settle SEC Charges that it Misused Confidential Dark Pool Data, Ran Secret Trading Desk"},"content":{"rendered":"

ITG Inc. and affiliate AlterNet Securities will pay $20.3M to resolve Securities and Exchange Commission charges accusing them of running a secret trading desk and misusing dark pool subscribers\u2019 confidential trading information. As part of the settlement, ITG admitted to wrongdoing. <\/p>\n

According to the regulator, even though it told the public it was an \u201cagency-only\u201d broker with interests that were not in conflict with the interests of customers, the firm ran Project Omega, an undisclosed proprietary trading desk, for over a year. The SEC\u2019s probe found that even though ITG said that it protected dark pool subscribers\u2019 trading information, for eight months, the trading desk accessed feeds of order and execution data and used the information to put into place its strategies for high-frequency algorithmic.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ITG Inc. and affiliate AlterNet Securities will pay $20.3M to resolve Securities and Exchange Commission charges accusing them of running a secret trading desk and misusing dark pool subscribers\u2019 confidential trading information. As part of the settlement, ITG admitted to wrongdoing. According to the regulator, even though it told the public it was an \u201cagency-only\u201d […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4043,3760,3795,3761],"tags":[2676],"class_list":["post-5853","post","type-post","status-publish","format-standard","hentry","category-alternative-investments","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis","tag-dark-pools"],"yoast_head":"\nITG, AlterNet Securities to Pay $20.3M to Settle SEC Charges that it Misused Confidential Dark Pool Data, Ran Secret Trading Desk — Investor Lawyers Blog — August 13, 2015<\/title>\n<meta name=\"description\" content=\"ITG Inc. and affiliate AlterNet Securities will pay $20.3M to resolve Securities and Exchange Commission charges accusing them of running a secret trading — 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