Violation Tracker Individual Record

Company: 
Liquidnet Inc.
Penalty: 
$2,000,000
Year: 
2014
Date: 
June 6, 2014
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

A New York-based brokerage firm that operates a dark pool alternative trading system agreed to pay $2 million to settle allegations that it improperly used subscribers' confidential trading information in marketing its services.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.