Story perspectives

Liquidnet Settles SEC Violation for $5 Million

1/14/2025

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Summary

Story summary

Liquidnet Inc. agreed to a $5 million settlement with the SEC for violating the Market Access Rule.
The SEC identified inappropriate credit thresholds that increased client risk exposure.
Misrepresentations regarding market access controls and confidentiality were also noted.
The company is taking corrective measures, including hiring an external consultant for compliance improvement.
Liquidnet achieved record growth with its VWAP Cross solution, expanding into six Asia-Pacific markets.

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Story summary

Liquidnet Inc. agreed to a $5 million settlement with the SEC for violating the Market Access Rule.
The SEC identified inappropriate credit thresholds that increased client risk exposure.
Misrepresentations regarding market access controls and confidentiality were also noted.
The company is taking corrective measures, including hiring an external consultant for compliance improvement.
Liquidnet achieved record growth with its VWAP Cross solution, expanding into six Asia-Pacific markets.