ITG Faces Fight for Reputation Amid Fallout From Dark-Pool Probe
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Investment Technology Group Inc. built its reputation as a trustworthy broker. Now that it’s dealing with a government investigation, it must fight to keep that image.
The departures of Chief Executive Officer Bob Gasser and General Counsel Mats Goebels on Monday were a sign of the seriousness of the Securities and Exchange Commission’s probe. ITG said last week that it could be slapped with a record $20.3 million fine for actions taken by a market-making unit in its Posit dark pool.