NEW
YORK, Feb. 5, 2024 /PRNewswire/ -- Hach Rose Schirripa & Cheverie, LLP has
commenced an investigation into possible breaches of fiduciary duty
and other violations of law by certain officers and directors at
Virtu Financial, Inc. (NASD:VIRT) ("Virtu" or the "Company").
Virtu is a financial services firm that operates both proprietary
trading and client-facing business in the financial
marketplace. Virtu is a "high-frequency trading" firm,
touting advanced algorithms and lightning quick trade execution
capabilities.
Hach Rose Schirripa &
Cheverie LLP's investigation is focused on allegations from the
Securities Exchange Commission ("SEC") that Virtu allowed its
proprietary traders to access, and trade against, the trading
information of its customers. Virtu purportedly allowed its
proprietary traders to utilize customer trade information even
though Virtu publicly stated that it prohibited its proprietary
traders from accessing information from Virtu's customers to
prevent the risk of misconduct.
On January 22, 2024, a
consolidated federal securities class complaint was filed against
Virtu and certain of its officers in the Eastern District of
New York, alleging violations of
the federal securities laws related to Virtu's failure to restrict
access to client trading information, and numerous
alleged false and misleading statements Virtu made
through its executives about Virtu's supposed protection of client
trade information.
Hach Rose Schirripa &
Cheverie, LLP specializes in the fields of securities, corporate
governance and consumer protection litigation. The firms' attorneys
have successfully litigated complex class actions in both state and
federal courts through the United
States and are committed to protecting investors' assets and
victims of corporate wrongdoing.
If you are a current shareholder of Virtu common stock, plan to
continue to hold your shares, and would like more information about
your rights as a shareholder, please contact attorney Scott R. Jacobsen at (212) 213-8311 or by email
at sjacobsen@hrsclaw.com.
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SOURCE Hach Rose Schirripa &
Cheverie LLP