Securities Regulation Daily Wrap Up, ENFORCEMENT—SEC settles charges over ATS broker-dealer’s failure to comply with Regulation ATS, (Jan 11, 2022)

By Jeffrey H. Brochin, J.D.

Alternative Trading System (ATS) operator did not make timely disclosures on Form ATS before sharing information about order book with third parties, in violation of SEC rules and regulations.

The Securities and Exchange Commission (SEC) has entered an administrative cease-and-desist Order against tZero ATS, LLC (tZero or ...