SEC v. Virtu Financial Inc.; and Virtu Americas LLC, No. 1:23-cv-08072, Southern District of New York (Dec. 3, 2025) — Judgment

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT
OF NEW YORK
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
V.
VIRTU FINANCIAL INC. and VIRTU
AMERICAS LLC,
Defendants.
No. 1 :23-cv-8072 (JGK)
[-Pff(:)fOSf:D] FINAL JUDGMENT AS TO DEFENDANTS
VIRTU FINANCIAL INC. AND VIRTU AMERICAS LLC
I.
WHEREAS, the Securities and Exchange Commission (the "Commission") having
filed
an Amended Complaint (ECF No. 28);
WHEREAS, Defendants Virtu Financial, Inc.  ("VFI") and Virtu Americas LLC
("VAL") having entered general appearances; consented to the Court's jurisdiction over
Defendants and the subject matter
of this action; consented to entry of this Final Judgment
without admitting or denying any
of the allegations in the Amended Complaint ( except as to
jurisdiction and except as otherwise provided herein); waived findings
of fact and conclusions
of law; and waived any right to appeal from this Final Judgment:
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant VAL is
permanently restrained and enjoined from violating, directly or indirectly, Section 15(g)
of the
Securities Exchange Act
of 1934 ("Exchange Act") [15 U.S.C. §78o(g)].

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in
Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who
receive actual notice
of this Final Judgment by personal service or otherwise: (a) V AL's
officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or
participation with VAL or with anyone described in (a).
II.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant VAL
shall pay a civil penalty in the amount
of $2,500,000 to the Securities and Exchange Commission
pursuant to Section
21 ( d)(3) of the Exchange Act in resolution of the Section l 5(g) claim.
Defendant VAL shall make this payment within 30 days after entry
of this Final Judgment.
VAL may transmit payment electronically to the Commission, which will provide
detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly
from a bank account via Pay.gov through the SEC website at
http://www.sec.gov/about/offices/ofrn.htm. VAL may also pay by certified check, bank cashier's
check, or United States postal money order payable
to the Securities and Exchange Commission,
which shall be delivered or mailed to
Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
and shall be accompanied by a letter identifying the case title, civil action number, and name
of
this Court; Virtu Americas LLC as defendant in this action; and specifying that payment is  made
by VAL pursuant to this Final Judgment.
VAL shall simultaneously transmit photocopies
of evidence of payment and case
identifying information to the Commission's counsel in this action. By VAL making this
2

payment, Defendants relinquish all legal and equitable right, title, and interest in such funds and
no part of the funds shall be returned to VAL. The Commission shall send the funds paid
pursuant to this Final Judgment to the United States Treasury.
The Commission may enforce the Court's judgment for penalties by the use
of all
collection procedures authorized by law, including the Federal Debt Collection Procedures Act,
28 U.S.C. § 3001 et seq., and moving for civil contempt for the violation of any Court orders
issued in this action. VAL shall pay post-judgment interest on any amounts due after 30 days
of
the entry of this Final Judgment pursuant to 28 USC § 1961.
III.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that except as
otherwise stated
in this Final Judgment and the Consents of Defendants dated September 17,
2025 (the "Consents"), which are incorporated herein with the same force and effect as if fully
set forth herein, the Court hereby dismisses with prejudice all other claims and relief sought
in
this  action based on the conduct alleged in the Complaint through the date of this Final
Judgment.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall
retain jurisdiction
of this matter for the purposes of enforcing the terms of this Final Judgment.
Dated:

Case 1:23-cv-08072-JGK Document 64-1 Filed 11/21/25 Page 1 of 3 

UNITED STATES DISTRICT COURT 
SOUTHERN DISTRICT OF NEW YORK 

SECURITIES AND EXCHANGE COMMISSION, 

Plaintiff, 

V. 

VIRTU FINANCIAL INC. and VIRTU 
AMERICAS LLC, 

Defendants. 

No. 1 :23-cv-8072 (JGK) 

[-Pff(:)fOSf:D] FINAL JUDGMENT AS TO DEFENDANTS 
VIRTU FINANCIAL INC. AND VIRTU AMERICAS LLC 

I. 

WHEREAS, the Securities and Exchange Commission (the "Commission") having 

filed an Amended Complaint (ECF No. 28); 

WHEREAS, Defendants Virtu Financial, Inc. ("VFI") and Virtu Americas LLC 

("VAL") having entered general appearances; consented to the Court's jurisdiction over 

Defendants and the subject matter of this action; consented to entry of this Final Judgment 

without admitting or denying any of the allegations in the Amended Complaint ( except as to 

jurisdiction and except as otherwise provided herein); waived findings of fact and conclusions 

of law; and waived any right to appeal from this Final Judgment: 

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant VAL is 

permanently restrained and enjoined from violating, directly or indirectly, Section 15(g) of the 

Securities Exchange Act of 1934 ("Exchange Act") [15 U.S .C. §78o(g)]. 

Case 1:23-cv-08072-JGK     Document 65     Filed 12/02/25     Page 1 of 3



Case 1:23-cv-08072-JGK Document 64-1 Filed 11/21/25 Page 2 of 3 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in 

Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who 

receive actual notice of this Final Judgment by personal service or otherwise: (a) V AL's 

officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or 

participation with VAL or with anyone described in (a). 

II. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant VAL 

shall pay a civil penalty in the amount of $2,500,000 to the Securities and Exchange Commission 

pursuant to Section 21 ( d)(3) of the Exchange Act in resolution of the Section l 5(g) claim. 

Defendant VAL shall make this payment within 30 days after entry of this Final Judgment. 

VAL may transmit payment electronically to the Commission, which will provide 

detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly 

from a bank account via Pay.gov through the SEC website at 

http://www.sec.gov/about/offices/ofrn.htm. VAL may also pay by certified check, bank cashier's 

check, or United States postal money order payable to the Securities and Exchange Commission, 

which shall be delivered or mailed to 

Enterprise Services Center 
Accounts Receivable Branch 
6500 South MacArthur Boulevard 
Oklahoma City, OK 73169 

and shall be accompanied by a letter identifying the case title, civil action number, and name of 

this Court; Virtu Americas LLC as defendant in this action; and specifying that payment is made 

by VAL pursuant to this Final Judgment. 

VAL shall simultaneously transmit photocopies of evidence of payment and case 

identifying information to the Commission's counsel in this action. By VAL making this 

2 

Case 1:23-cv-08072-JGK     Document 65     Filed 12/02/25     Page 2 of 3



Case 1:23-cv-08072-JGK Document 64-1 Filed 11/21/25 Page 3 of 3 

payment, Defendants relinquish all legal and equitable right, title, and interest in such funds and 

no part of the funds shall be returned to VAL. The Commission shall send the funds paid 

pursuant to this Final Judgment to the United States Treasury. 

The Commission may enforce the Court's judgment for penalties by the use of all 

collection procedures authorized by law, including the Federal Debt Collection Procedures Act, 

28 U.S .C. § 3001 et seq., and moving for civil contempt for the violation of any Court orders 

issued in this action. VAL shall pay post-judgment interest on any amounts due after 30 days of 

the entry of this Final Judgment pursuant to 28 USC § 1961. 

III. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that except as 

otherwise stated in this Final Judgment and the Consents of Defendants dated September 17, 

2025 (the "Consents"), which are incorporated herein with the same force and effect as if fully 

set forth herein, the Court hereby dismisses with prejudice all other claims and relief sought in 

this action based on the conduct alleged in the Complaint through the date of this Final 

Judgment. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall 

retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. 

Dated: 

Case 1:23-cv-08072-JGK     Document 65     Filed 12/02/25     Page 3 of 3