ITG in talks to settle SEC probe of AlterNet Securities

Firm says issues include customer disclosures and violations of company procedures by ex-employee

Investment Technology Group has discussed with the Securities and Exchange Commission settling a probe of a trading pilot at its AlterNet Securities unit in 2010 and 2011.

Brokerage and technology firm ITG said the investigation concerns issues including customer disclosures and violations of company procedures by a former employee related to information breaches.

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