Liquidnet, Wedbush Subject of SEC Ire

HFA Padded
Mark Melin
Published on
Updated on

One day following the tough talk of Security and Exchange Commission (SEC) Chairwoman Mary Jo White, the agency fined a major dark pool operator for public disclosure of confidential information about exchange participants, while one of the largest trading firms on the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) was charged with a laundry list of complaints. SEC’s $2 million fine for Liquidnet The $2 million fine levied at Liquidnet, which trades nearly 40 million shares per day, resulted from improper release of confidential information about customers of the exchange.  The SEC report on the fine indicates Liquidnet took confidential information about their…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.