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Andrew Kelly - 1 Mark Cave - 1 Rami Ayyub - 1 Pete Schroeder - 1 Carolina - 1 Kirsten Donovan - 1 Mark Porter - 1 WASHINGTON - 1
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Manhattan , New York City U.S Miami The
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Citadel Securities - 2 Exchange Commission - 2 SEC - 2 Citadel - 2 REUTERS - 1 U.S . Securities - 1 Citadel Securities LLC - 1 Thomson - 1

Search resuls for: "Citadel Securities LLC"


4 mentions found


☆ Citadel Securities pays $7 million to settle charges it violated short-sale rules
  + stars: | 2023-09-22 | by ( Pete Schroeder | Thomson Reuters | Covers Financial Regulation | ) www.reuters.com   time to read: +1 min
The Citadel Securities logo is seen at their offices in Manhattan, New York City, U.S., October 31, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsSept 22 (Reuters) - The U.S. Securities and Exchange Commission on Friday said Citadel Securities LLC, a Miami-based broker-dealer, had agreed to pay $7 million to settle charges it incorrectly handled millions of orders and violated short-selling rules. The SEC in a statement said Citadel Securities over a five-year period had incorrectly marked millions of orders, denoting short sales as long sales and vice versa. It said those incorrect markings resulted from a coding error in the firm's automated trading system. A Citadel spokesperson said the error was identified and addressed by the firm more than three years ago.
Persons: Andrew Kelly, Mark Cave, Rami Ayyub, Pete Schroeder, Carolina, Kirsten Donovan, Mark Porter Organizations: Citadel Securities, REUTERS, U.S . Securities, Exchange Commission, Citadel Securities LLC, SEC, Citadel, Thomson Locations: Manhattan , New York City, U.S, Miami
☆ SEC slaps Citadel Securities LLC with $7 million fine to settle short selling charges
  + stars: | 2023-09-22 | by ( Chelsey Cox | ) www.cnbc.com   time to read: 1 min
WASHINGTON — The U.S. Securities and Exchange Commission fined Citadel Securities LLC $7 million for settling charges of violating order marking requirements, the commission announced Friday. The SEC estimated that the firm marked millions of certain short sale orders as long sales, and vice versa, between September 2015 and September 2020, according to the commission. The source of the inaccuracies was a coding error in Citadel's automated trading system during this time frame, the SEC found. A Citadel spokesperson told CNBC that the matter "had no impact on the quality of our client execution." "While updating our systems to accommodate certain client requests, we made a coding change that inadvertently affected a de minimis percentage of our order markings," the spokesperson added.
Persons: WASHINGTON Organizations: The U.S . Securities, Exchange Commission, Citadel Securities, SEC, Citadel, CNBC Locations: The
☆ Biotech Company Says Citadel, Other Big Traders Manipulated Its Stock Price
  + stars: | 2022-12-01 | by ( Justin Baer | ) www.wsj.com   time to read: 1 min
In the modern stock market, high-speed trading firms like Citadel provide stock quotes throughout the day. A biotechnology company accused Citadel Securities LLC, Susquehanna International Group LLP and other Wall Street firms of driving down its stock price through a series of illicit trades. In a lawsuit filed Thursday in Manhattan federal court, Northwest Biotherapeutics Inc. alleged the market makers had repeatedly engaged in “spoofing,” where traders place orders with an intent to fool other investors about a stock’s demand and manipulate the price.
☆ Biotech Company Says Citadel Securities, Other Big Traders Manipulated Its Stock Price
  + stars: | 2022-12-01 | by ( Justin Baer | ) www.wsj.com   time to read: 1 min
In the modern stock market, high-speed trading firms such as Citadel Securities provide stock quotes throughout the day. A biotechnology company accused Citadel Securities LLC, Susquehanna International Group LLP and other Wall Street firms of driving down its stock price through a series of illicit trading tactics. In a lawsuit filed Thursday in Manhattan federal court, Northwest Biotherapeutics Inc. alleged the market makers had repeatedly engaged in “spoofing,“ where traders place orders with an intent to fool other investors about a stock’s demand and manipulate the price.
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