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The Nexus
BUSINESSJun 30 · 17:12 UTCCOURTHOUSE NEWSSteve Garrison

Investor accuses financial firms of ‘spoofing’ tech company’s stock

An investor filed a federal class action accusing Citadel Securities and Virtu Americas of manipulating Genius stock through spoofing, a tactic involving fake orders to distort price volatility. Genius, a Singapore-based education tech company, plans to join the lawsuit, citing $250 million in alleged damages from the scheme.

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Mentioned
Aron ReynoldspersonCitadel SecuritiesorganizationVirtu AmericasorganizationGeniusorganizationSecurities and Exchange CommissionorganizationJacob AbramspersonAbe AlexanderpersonJames W. Christianperson
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