SEC alleges Bloomberg Tradebook made false and misleading statements about the speed of certain market data from options exchanges

SEC alleges Bloomberg Tradebook made false and misleading statements about the speed of certain market data from options exchanges

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Bloomberg Tradebook, alleging the company made false and misleading statements about the speed of market data from options exchanges. The lawsuit, filed on September 12, 2025, accuses Bloomberg Tradebook of violating the Securities Exchange Act of 1934 .

The SEC's complaint states that Bloomberg Tradebook provided inaccurate information about the speed and reliability of its market data services. The company is accused of overstating the performance of its data feeds, which are crucial for high-frequency trading. The lawsuit alleges that these false statements misled investors and caused them to make uninformed trading decisions.

The SEC seeks to recover damages and penalties from Bloomberg Tradebook. The complaint also seeks to prevent the company from making further false statements and requires it to implement corrective measures to ensure accurate and reliable market data services.

This development comes as a reminder to investors and financial professionals to be cautious when relying on market data providers. Accurate and timely market data is essential for making informed investment decisions.