Free Site Registration

Pipeline Fined $1 Million For Misrepresenting Natural Liquidity

Traders Magazine Online News, October 24, 2011

James Armstrong

Dark Pool Pipeline Trading Systems has agreed to pay $1 million to settle charges brought by the Securities and Exchange Commission that the company failed to disclose the fact that at times more than 97 percent of orders in Pipeline's dark pool were filled by a trading operation affiliated with the firm.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?