Action against Respondent, a “dark pool” trading company, for alleged violation of Regulation SCI.  According to the SEC, Respondent operated an alternative trading system subject to Regulation SCI but failed to establish policies and procedures, file annual and quarterly reports, conduct an annual compliance review, comply with business-continuity and disaster-recovery plan requirements, and maintain books and records as required by the regulation.  Respondent has agreed to pay a civil penalty of $1,500,000.

SEC Order

SEC Administrative Summary