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The agency broker, slated to be acquired by Virtu Financial, has settled allegations that it misled dark pool subscribers.
Agency broker ITG Inc. and its subsidiary AlterNet Securities Inc. are paying $12 million to settle charges via the SEC that it misled dark pool subscribers. Earlier this year, officials at ITG, which also offers financial technology, acknowledged the case and settlement amount. ITG maintains that it has taken remedial action while neither admitting nor...
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