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Jumping the Gun: Trading Giant Virtu Sues SEC Ahead of Market Structure Overhaul

www.capitolaccountdc.com

Jumping the Gun: Trading Giant Virtu Sues SEC Ahead of Market Structure Overhaul

Also, CFTC decision on election betting delayed until next year; OCC signals tougher approach on bank fines

Nov 29, 2022
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Jumping the Gun: Trading Giant Virtu Sues SEC Ahead of Market Structure Overhaul

www.capitolaccountdc.com
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Doug Cifu, the pugnacious CEO of Virtu Financial has spent the past few months predicting there would be a flood of litigation challenging the SEC’s market structure revamp. Today the trading firm beat the rest of the industry to the courthouse – even though the proposal has yet to be released.

Virtu’s case is on a side issue, a public records request it…

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