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VIRTU FINANCIAL INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Virtu Financial, Inc. - VIRT

1. Virtu Financial faces investigation over data access control failures. 2. SEC plans to file a Wells Notice post-investigation. 3. Company and executives involved in a continuing securities class action lawsuit. 4. Court denies motion to dismiss lawsuit, allowing it to proceed. 5. Investigation focuses on potential breaches of fiduciary duties by executives.

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Why Very Bearish?

The ongoing legal troubles and SEC investigations indicate significant risks for VIRT. Historical examples, such as cases involving Wirecard and Theranos, show that similar situations often lead to substantial declines in stock prices when confidence erodes.

How important is it?

The ongoing investigations and lawsuits create significant uncertainty, likely affecting investor confidence profoundly. The high stakes involved illuminate the relevance and urgency of the developments regarding VIRT.

Why Short Term?

The immediate legal pressures and market reactions typically influence VIRT’s stock in the short term. Market sentiment usually reacts quickly to such news, impacting stock performance within weeks.

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, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues its investigation into Virtu Financial, Inc. (NasdaqGS: VIRT). For several years, the Company has been under intense scrutiny by finance media and regulators regarding its alleged failure to implement effective information access barriers to protect highly sensitive and confidential trading data of its Execution Services customers, allowing virtually any employee unfettered access.  In February and April 2023, the Company disclosed that it was responding to requests for information from the U.S. Securities and Exchange Commission ("SEC") in connection with an investigation of aspects of its information access barriers and "[i]n the absence of a settlement, the Company currently believes it may receive a Wells Notice from the SEC[,]" relating to the same. Then, on September 12, 2023, the SEC announced that it had filed charges against the Company. The Company and certain of its executives have also been sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws. Recently, the court presiding over the matter denied the Company's motion to dismiss the case in part, allowing the case to continue. KSF's investigation is focusing on whether Virtu's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.  If you have information that would assist KSF in its investigation, or have been a long-term holder of Virtu shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit us at  https://www.ksfcounsel.com/cases/nasdaqgs-virt/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. To learn more about KSF, you may visit ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[email protected]1-877-515-18501100 Poydras St., Suite 960New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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