January 12, 2017

ITG Inc.

Trading and Pricing

SANCTION AMOUNT: $24,450,468.51

Defendants: ITG Inc.

Settlement of charges that ITG facilitated transactions known as “pre-releases” of American Depository Receipts to its counterparties without owning the foreign shares or taking the necessary steps to ensure they were custodied by the counterparty on whose behalf they were being obtained. Such handling of ADRs is in violation of the Securities Act of 1933 and allegedly lasted from 2011 to 2014. ITG also allegedly failed to supervise its employees.

Thank you for submitting some email to us.