VIRT - Virtu In The Hot Seat: Sued By SEC Over Alleged Data Vulnerabilities | Benzinga
Virtu Financial, Inc. (NASDAQ: VIRT) has been sued by the U.S. Securities and Exchange Commission for false and misleading disclosures relating to information barriers of its customers.
The company was sued for making "materially false and misleading statements" regarding information barriers to prevent the misuse of sensitive customer information, the regulatory watchdog said in a statement.
"Virtu allegedly painted a materially misleading picture as to the safeguards it had in place to protect its customers' confidential information, even when customers specifically asked about ...