The top two executives at Pipeline Financial Group Inc. left the company weeks after the Securities and Exchange Commission said the “dark pool” trading platform systematically mistreated customer orders for years. Pipeline Chairman Alfred Berkeley and Chief Executive Fred Federspiel agreed to step down earlier this month as the firm struggled to recover from the securities regulator’s allegations, which have crippled its trading business, according to a person familiar with the matter. Both men had agreed to pay fines to settle the SEC’s complaint.
‘Enforcement 40’ for 2020
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