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Citadel Securities Slapped with $7M Fine for Coding Error, SEC Says

Citadel Securities Slapped with $7M Fine for Coding Error, SEC Says
The U.S. Securities and Exchange Commission (SEC) has announced that Citadel Securities has settled charges of violating Regulation SHO, a law aimed at controlling short-selling practices. This violation pertained to Citadel Securities' alleged failure to accurately mark sale orders as long, short, or short exempt. The SEC's investigation revealed a pattern of mismarked orders over five years, attributing these inaccuracies to a coding error within Citadel Securities' automated trading system. D... Read More
Posted: Sep 22 2023, 17:42
Author Name: financemagnates
Views: 091033

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