San Diego, CA -- (SBWIRE) -- 01/13/2016 -- An investigation on behalf of current long-term investors in shares of Investment Technology Group (NYSE:ITG) concerning potential breaches of fiduciary duties by certain directors and officers of Investment Technology Group was announced.

Investors who are current long term investors in Investment Technology Group (NYSE:ITG shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE:ITG stocks follows a lawsuit filed recently against Investment Technology Group over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:ITG stocks, concerns whether certain Investment Technology Group officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 28, 2011 and July 29, 2015 defendants issued allegedly materially false and misleading statements to investors and/or failed to disclose that Investment Technology Group's AlterNet Securities, Inc. subsidiary operated a proprietary trading operation in 2010 through mid-2011 inside of ITG's POSIT dark pool, a private stock trading platform, against some of its broker clients, that the proprietary trading operation used information from customer stock orders within ITG's dark pool, as well as information from Investment Technology Group clients that used the firm's algorithms to execute trades on other trading platforms, which should not have been available, and that as a result of the foregoing, Investment Technology Group's public statements were materially false and misleading at all relevant times.

On July 29, 2015, Investment Technology Group announced that it negotiated a potential settlement with Securities and Exchange Commission ("SEC") related to how it ran its private stock trading venue or "dark pool." Based on the terms of the potential settlement, Investment Technology Group would pay an aggregate amount of $20.3 million, which represents a civil penalty of $18 million, disgorgement of approximately $2.1 million in trading revenues and prejudgment interest of approximately $250,000.

Shares of Investment Technology Group (NYSE:ITG) declined on July 30, 2015, to as low as $17.84 per share, respectively $15.17 per share on January 12, 2016.

Those who purchased shares of Investment Technology Group (NYSE:ITG) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com