The complaints were against MM activity and NR.
https://www.sec.gov/litigation/admin/2018/34-84759.pdf
CDEL with 2774 reports submitted to the SEC with "inaccurate" trading execution times over a four year period. $3.5 million dollar fine. Gee...I wonder how much money a firm like CDEL could make trading under the cover of "inaccurate" SEC monitoring.
This is from Dec of 2018.
https://www.reuters.com/article/citadel-fine-...SE20140805
"Errenous" orders. It's not spoofing. It's not elastic bids/asks. It's "Errenous" orders. $800,000 fine.
It's all ass-slapping with the occasional wrist-slapping among these people. Fine em for pennies on the profit dollars and everyone wins. Except investors.
https://www.sec.gov/litigation/admin/2018/34-84759.pdf
CDEL with 2774 reports submitted to the SEC with "inaccurate" trading execution times over a four year period. $3.5 million dollar fine. Gee...I wonder how much money a firm like CDEL could make trading under the cover of "inaccurate" SEC monitoring.
This is from Dec of 2018.
https://www.reuters.com/article/citadel-fine-...SE20140805
"Errenous" orders. It's not spoofing. It's not elastic bids/asks. It's "Errenous" orders. $800,000 fine.
It's all ass-slapping with the occasional wrist-slapping among these people. Fine em for pennies on the profit dollars and everyone wins. Except investors.
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