KCG Holdings (KCG)

[Mingy]

Wonder if this has to deal with some problems James Smyth has going on in the Broker Dealer Client Group, which I'm pretty sure would be the part that deals with orders for naked short selling on behalf of the clients/hedge funds? First you have Tom Joyce dumping shares, now this guy being transfered. Wouldn't want to own this stock, stocks off 40% from its highs, now you have this....

OH NO.

(b) On January 7, 2010, the Company announced that James P. Smyth, 54, Executive Vice President and Head of Broker-Dealer Client Group, of Knight Capital Group, Inc., has been named Senior Advisor and Senior Relationship Officer for the Company, effective immediately. Mr. Smyth’s responsibilities as Head of Broker-Dealer Client Group will be re-assigned to others within the Company, as part of a reorganization at the Company, which also includes its new segment reporting which will separate Global Markets into two business segments, Equities and FICC (Fixed Income, Currencies and Commodities). Mr. Smyth continues to be an Executive Vice President and a member of the Executive Committee, reporting into Thomas M. Joyce, Chairman and Chief Executive Officer, Knight Capital Group, Inc.

http://www.sec.gov/Archives/edgar/data/1060749/000119312510003967/d8k.htm