ATTENTION ITG SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Investment Technolog...
July 30 2015 - 11:28AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating potential violations of the federal securities laws
by Investment Technology Group Inc. (NYSE:ITG) and certain of its
officers. Investment Technology operates as an independent
execution and research broker. It offers trade execution services
and solutions for portfolio management, investment research,
pre-trade analytics, and post-trade analytics and processing.
On July 29, 2015, following the market close, Investment
Technology reported that it had begun settlement discussions with
the SEC. Investment Technology said the SEC was investigating a
test program that ran from 2010 until mid-2011 that involved
proprietary trading. The Company allegedly used information from
customer stock orders within Investment Technology's dark pool, as
well as information from Company clients that used the firm's
algorithms to execute trades. In mid-morning trading on July 30,
2015, the stock was trading down over 25% on heavy volume.
Based on the terms of the potential settlement, Investment
Technology could pay an aggregate amount of $20.3 million
Specifically, Johnson & Weaver’s investigation seeks to
determine if Investment Technology has violated federal or state
laws in connection with improperly accessing information regarding
trade orders.
If you are an Investment Technology shareholder and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150730006142/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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