By Elise Hansen (May 24, 2022, 9:08 PM EDT) — Broker-dealer TradeZero has agreed to settle U.S. Securities and Exchange Commission allegations that it misled customers about how it handled trading during last year’s “meme stock” frenzy, the agency said Tuesday.

The SEC alleged that TradeZero America Inc. and its co-founder, Daniel Pipitone, didn’t tell investors that the company had very briefly halted trading in three stocks that saw an explosion of trading in late January 2021. The company advertised its resistance to trade restrictions as a way to gain additional customers, but several of the statements made by the company and by Pipitone were misleading or incomplete, the SEC said….

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Source link