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High-Speed Trader Virtu Sues SEC

1
Alexander Osipovich
·1 min read
High-Speed Trader Virtu Sues SEC

One of the biggest electronic trading firms is suing the Securities and Exchange Commission over the agency’s planned overhaul of the plumbing of the U.S. stock market—even though the SEC hasn’t released the actual overhaul yet. Virtu Financial on Tuesday filed a lawsuit against the SEC to enforce a months-old Freedom of Information Act request seeking information on whom the agency is consulting about the planned regulatory changes. In its suit, Virtu said it had not received "a single responsi

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