legitimate pending order volume, Trillium traders created a false appearance of buy- or sell-side pressure. The individual sanctions are as follows: Trader, John. Hochleutner: 65,000 fine, 27,286 in disgorgement, and a two-year suspension, 10 months of which are in all capacities. Other market participants were unaware that they were acting on the layered, illegitimate orders entered by Trillium traders. "finra will continue to aggressively pursue disciplinary action for illegal conduct, including abusive momentum ignition strategies and high frequency trading activity that inappropriately undermines legitimate trading activity, in addition to related supervisory failures.".
This trading strategy induced other market participants to enter orders to execute against limit orders previously entered by the Trillium traders. In addition to the nine traders, finra also took action against Trillium's Director of Trading and its Chief Compliance Officer.
Finra is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. For more information, please currency exchange rates usd to eur visit nra. "Trillium's trading conduct was designed to improperly bait unsuspecting market participants into executing trades at illegitimately high or low prices for the advantage of Trillium's traders said Thomas. Investors can obtain more information about, and the disciplinary record of, any finra-registered broker or brokerage firm by using finra's BrokerCheck. Raffaele: 220,000 fine, 78,245 in disgorgement, and a two-year suspension.
Org/brokercheck or by calling (800) 289-9999. Plotkin: 12,500 fine, 7,125 in disgorgement, and a six-month suspension. In concluding this settlement, Trillium and the individual respondents neither admitted nor denied the charges, but consented to the entry of finra's findings. Finra is the largest independent regulator for all securities firms doing business in the United States.
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