News Formal

SEC slaps investment firm Citadel with $7 million fine to settle short selling charges

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Citadel Securities identified certain short sales as long sales, and vice versa, during a 5-year period, the SEC said.

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."We detected the issue and promptly fixed it more than three years ago."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 288. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

SEC Announces Further Enforcement Actions Against Crypto IndustryAt a recent event, the SEC announced plans to go after even more crypto platforms, regardless of their size.
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »