Brokerage firm penalised for illicit high-frequency trading
Trillium Brokerage Services censured by Finra for illicit high frequency trading
WASHINGTON, DC – Trillium Brokerage Services has been censured by the Financial Industry Regulatory Authority (Finra) for illicit high-frequency trading strategies. The regulatory action resulted in a total of $2.3 million in fines and disgorgement penalties, as well as individual bans for several members of staff.
Traders at Trillium placed large numbers of artificial buy or sell orders before
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