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US Securities and Exchange Commission: SEC fines Knight Capital $12 mln for 2012 trading violations

( October 16, 2013, 21:05 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission fined Knight Capital $12 million on charges that the firm ignored error messages and didn't put safeguards in place before its high-speed trading computers flooded the markets with millions of unwanted orders, according to a Wednesday statement. The SEC said the firm violated the regulator's market access rule, adopted in 2010 to prevent such trading debacles. Statement follows in full....

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