A onetime leading high frequency trading firm is now being investigated for securities fraud as it winds down its business amidst a difficult environment for HFT firms. SEC reviewing documents of HFT firm The US Securities and Exchange Commission (SEC) is currently reviewing Infinium Capital Management records with a particular focus on a lawsuit filed by former employees, according to a Reuters report. At issue are acquisitions made by employees in January that Infinium senior management lured them to invest a total of $4.1 million while failing to disclose the firm’s true financial position. The 31 employees, some of whom…
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