SEC accuses financial empire of Florida Panthers owners Viola, Cifu of fraud
By Dan Christensen, FloridaBulldog.org
The financial high-speed stock trading empire that made Florida Panthers hockey club owner Vincent Viola a multi-billionaire is under assault once again – this time by the U.S. Securities and Exchange Commission.
Last month, to no notice by Florida’s other media, the SEC formally accused Viola’s New York-based Virtu Financial Inc. and its broker-dealer subsidiary Virtu Americas LLC of perpetrating a sophisticated fraud that misled its many customers. Virtu Americas processes an eye-popping “25 percent of market orders placed by retail investors in the U.S,” according to the SEC.
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