hedge funds SEC filings SEC Enforcement

SEC Settles With Speedy Trading Over Manipulation

High frequency trading firm Athena Capital Research has reached agreement with the U.S. Securities and Exchange Commission (SEC) to pay a $1 million penalty to settle the charges it used algorithmic trading methods to impact the closing price of NASDAQ stocks.

First ever HFT case settled with SEC
This was the first-ever manipulation case against a high-frequency trading firm settled by the SEC, Reuters exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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