Athena Capital Research LLC Agrees to Settlement with SEC
NEW YORK, Oct. 16, 2014 /PRNewswire/ -- Today the SEC announced a settlement with Athena Capital Research LLC in which Athena consented, without admitting or denying the SEC charges, to the entry of an order relating to trading activity Athena participated in several years ago.
While Athena does not deny the Commission's charges, Athena believes that its trading activity helped satisfy market demand for liquidity during a period of unprecedented demand for such liquidity. Athena stopped running the trading strategies in question several years ago, primarily due to declining market demand for liquidity.
Athena fully cooperated with the investigation from the start. Athena is pleased to settle this matter on reasonable terms and put this matter behind it.
Athena is a proud participant in increasing the trading efficiency of our national and global electronic exchanges. We are committed to complying with all rules and regulations applicable to our business in all jurisdictions in which we operate.
SOURCE Athena Capital Research LLC
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