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UPDATE: SEC Charges Athena Capital Research With Stock Manipulation

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From the release: 

  • "The SEC’s order finds that Athena’s manipulative scheme focused on trading in order imbalances in securities at the close of the trading day."
  • "Athena’s algorithmic strategies became increasingly focused on ensuring that the firm was the dominant firm – and sometimes the only one – trading desirable stock imbalances at the end of each trading day."

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