Rosen Law Firm has filed a securities class action lawsuit on behalf of purchasers or sellers of Genius Group Limited securities between April 12, 2022 and May 30, 2025, against Citadel Securities LLC and Virtu Americas LLC. The lawsuit alleges that throughout the class period, defendants engaged in a manipulative and illegal trading practice known as 'spoofing,' which involves submitting and then cancelling buy or sell orders without any genuine intent to execute them. These baiting orders were allegedly used to mislead other market participants about the true level of supply and demand for Genius securities, thereby influencing the market price to benefit defendants' own trading positions. The alleged manipulation also increased investors' transaction costs by inflating the bid-ask spread for Genius stock. Investors who purchased or sold Genius securities during the class period may be entitled to compensation, and the deadline to move the court to serve as lead plaintiff is August 28, 2026.
Genius Group LtdLawsuit alleges spoofing by market makers artificially depressed Genius Group's stock price and increased transaction costs.
Virtu Financial, Inc.Virtu Americas LLC is named as a defendant in a securities class action lawsuit alleging illegal spoofing.