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SEC Expands Knight Probe.
- Source :
-
Wall Street Journal - Eastern Edition . 11/14/2012, Vol. 260 Issue 117, pC1-C2. 2p. 1 Color Photograph, 1 Graph. - Publication Year :
- 2012
-
Abstract
- The article reports that the U.S. Securities and Exchange Commission (SEC) is continuing its investigation into financial services firm Knight Capital Group Inc. following computer errors in the firms trading systems. It states that the SEC is questioning Knight's risk-control procedures and compliance with the market-access rule, which requires brokerage firms to prevent errors similar to those from August 1, 2012 that cost Knight more that $450 million in losses.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 260
- Issue :
- 117
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 83364502