Velox Clearing LLC agreed to pay a $500,000 fine and retain a third-party consultant to review the reasonableness of its policies, systems, and procedures relating to the detection and prevention of potentially manipulative trading activity, which FINRA said were in violation of various FINRA rules and sections of Nasdaq General Rule 9.
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Weekly podcasts from trusted external experts
- Fresh compliance and regulatory content every day
