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

An investor filed a federal class action alleging that Citadel Securities and Virtu Americas manipulated Genius stock through spoofing tactics involving fake orders to distort price volatility. Genius, the target company, plans to join the lawsuit citing $250 million in alleged damages.

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$250.00M alleged lossFiled: Jun 30 · 17:12 UTCUpdated: Jun 30 · 19:27 UTC

Defendants (2)

Citadel Securities
Entity defendant
Virtu Americas
Entity defendant

Charges

Securities fraud

Source

News article

https://www.courthousenews.com/investor-accuses-financial-firms-of-spoofing-tech-companys-stock/

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

Courthouse News · Jun 30 · 17:12 UTC