SAN FRANCISCO, May 11, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Virtu Financial, Inc. (NASDAQ: VIRT) investors who suffered substantial losses submit your losses now.
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Virtu Financial, Inc. (VIRT) Investigation:
The investigation focuses on Virtu’s past assurances that it “continue[s] to maintain and enforce appropriate information barriers to segment and protect sensitive client data.”
Virtu’s assurances came under question beginning on Feb. 17, 2023, when the company revealed that it “has been responding to requests for information from the U.S. Securities and Exchange Commission in connection with an investigation of the Company’s information access barriers” and “[t]he Company is cooperating with this civil investigation.”
Then, on Apr. 28, 2023, Virtu further revealed that “it has engaged in settlement discussions” with the SEC, “the Company currently believes it may receive a Wells Notice from the SEC,” and that the Notice “would be expected to allege violations of federal securities laws with respect to the Company’s information barriers policies and procedures […] and related statements made by the Company[.]”
These revelations have driven the price of Virtu shares sharply lower.
“We’re focused on investors’ losses and whether Virtu may have misled investors about safeguarding client data,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in Virtu and have substantial losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Persons with non-public information regarding Virtu should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email VIRT@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895
