Between October 2019 and July 2021, Virtu violated Rule 611(c) of Regulation National Market System (NMS) of the Securities Exchange Act of 1934 and FINRA Rule 2010 by failing to take reasonable steps to establish that 88,500 intermarket sweep orders (ISOs) routed by the firm to certain market centers met the requirements for ISOs. For these violations, Virtu is censured and fined $6,930.

The Department of Enforcement alleges: SUMMARY 1. Respondent Tory A. Duggins, failed to provide on-the-record (“OTR”) testimony requested pursuant to FINRA Rule 8210 as a part of FINRA’s investigation into whether Duggins churned and excessively traded customer accounts. As a result, Duggins violated FINRA Rules 8210 and 2010.