NEW YORK, May 13, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of KCG Holdings, Inc. ("KCG" or the "Company") (NYSE: KCG), concerning whether the board has breached its fiduciary duties to shareholders, and/or violated federal securities laws.
On May 10, 2016, news outlets, including Reuters, reported that federal and state authorities are investigating KCG's market-making operations from 2009 to 2011. In particular, according to Reuters, the U.S. Justice Department has subpoenaed information from KCG related to the Company's execution of stock transactions on behalf of its retail clients, including alleged sales of the flow of trading orders placed by investors. KCG is also reported to be investigated in a separate probe by the New York State Attorney General.
If you have any information concerning our investigation, or if you own KCG shares and wish to discuss this matter with us, please contact:
Robert I. Harwood, Esq.
Tanya Korkhov, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP