WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Class A common stock of Virtu Financial, Inc., (NASDAQ: VIRT) between November 7, 2018 and September 12, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 2, 2024.

SO WHAT: If you purchased Virtu Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Virtu class action, go to https://rosenlegal.com/submit-form/?case_id=16420 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 2, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) detailed confidential trading information from Virtu’s execution services customers was accessible to essentially everyone at Virtu via a widely known and regularly shared generic username and password, including to proprietary traders, who could abuse and benefit from that information; (2) Virtu was unable to monitor which of its employees logged into the trading information in Virtu Americas, LLC primary database for daily business operations, as well as a backup database (together, the "FS Database"), or what information was viewed; (3) as a direct result of complaints by Virtu’s traders about the FS Database’s capacity limits, Virtu increased the number of users who could have simultaneous access; (4) Virtu failed to take reasonable steps to prevent or even detect dissemination or abuse of this trading information; and (5) Virtu’s policies and procedures were inadequate to prevent unauthorized use of trading information from Virtu’s execution services customers. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Virtu class action, go to https://rosenlegal.com/submit-form/?case_id=16420 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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