SEC v. Virtu Financial, Inc. and Virtu Americas LLC (2025)

Judgment entered

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In December 2025 the Securities and Exchange Commission announced a final consent judgment against Virtu Americas LLC, the broker-dealer, over the alleged failure from January 2018 to April 2019 to maintain and enforce policies preventing its proprietary traders from accessing customers' order information. Virtu Americas, without admitting or denying, was enjoined from violating Section 15(g) and ordered to pay a $2.5 million penalty; the claims against its parent, Virtu Financial, were dismissed. The case concerns information-barrier policies, not insider trading.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-26427
Date filed	2025-12-03
Date resolved	2025-12-03
Court	U.S. District Court, Southern District of New York
Status	judgment
Criminal parallel	No
Defendants	Virtu Financial, Inc. (entity) ; Virtu Americas LLC (entity)
Techniques

What was ordered

Civil penalty: $2.5m
Disgorgement: —
Prejudgment interest: —
Total relief: $2.5m
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this judgment on December 3, 2025 as release LR-26427, in a Southern District of New York case filed September 12, 2023 and amended January 12, 2024; the court entered judgment on December 2, 2025.

The complaint alleged that the customer name, security, side, price and volume of orders were not adequately walled off from the firm's own trading. The SEC agreed to dismiss all other claims against Virtu Americas and all claims against Virtu Financial, Inc. with prejudice.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2025-12-03 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2023-09-12	SEC	SEC v. Virtu Financial Inc. and Virtu Americas LLC (2023)	Settled
2025-12-03	SEC	SEC v. Virtu Financial, Inc. and Virtu Americas LLC (2025)(this record)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.