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HFT Co. Latour Fined $16M For Mismanaging Capital Buffer

By Cara Salvatore (September 17, 2014, 2:19 PM EDT) -- The SEC registered a landmark $16 million fine Wednesday against high-frequency trading giant Latour Trading LLC for failures connected to its capital cushion, which the agency says Latour repeatedly miscalculated by as much as $37 million for two years — a mistake facilitated by high volume, according to a top official....

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