Posted On: 12/31/2016 10:35:07 PM
Post# of 8802
Trading Manipulation Case
FOR IMMEDIATE RELEASE
2014-229
Washington D.C., Oct. 16, 2014 —
The Securities and Exchange Commission today sanctioned a New York City-based high frequency trading firm for placing a large number of aggressive, rapid-fire trades in the final two seconds of almost every trading day during a six-month period to manipulate the closing prices of thousands of NASDAQ-listed stocks. This marks the first high frequency trading manipulation case.
Athena agreed to pay a $1 million penalty to settle the SEC’s charges.
https://www.sec.gov/News/PressRelease/Detail/...0543184457
FOR IMMEDIATE RELEASE
2014-229
Washington D.C., Oct. 16, 2014 —
The Securities and Exchange Commission today sanctioned a New York City-based high frequency trading firm for placing a large number of aggressive, rapid-fire trades in the final two seconds of almost every trading day during a six-month period to manipulate the closing prices of thousands of NASDAQ-listed stocks. This marks the first high frequency trading manipulation case.
Athena agreed to pay a $1 million penalty to settle the SEC’s charges.
https://www.sec.gov/News/PressRelease/Detail/...0543184457
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