November 21, 2013
SEC FINES KNIGHT CAPITAL $12 MILLION IN FIRST EVER MARKET ACCESS RULE ENFORCEMENT ACTION
On October 16, 2013, the SEC agreed to a settlement with Knight Capital Americas LLC (“Knight”) after charging Knight with violating Exchange Act Rule 15c3-5 (the “Rule”) for failing to adequately manage the risks connected with market access. As part of the settlement, Knight was censured and agreed to pay…