Knight Capital Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile3 entries
2012
Automated trading error and market disruption
A server left with obsolete code activated a defective legacy function after a software deployment. The malfunction generated millions of unintended orders, disrupted prices in many stocks, and caused Knight an approximately $440 million pre-tax loss.
2004
Customer overcharge settlement
Knight paid a reported $79 million settlement to customers who had been overcharged.
2002
Quotation-practice regulatory allegations
Knight paid $1.5 million to settle regulatory charges involving alleged violations including failure to respect posted quotations. The company neither admitted nor denied the allegations.