Citadel Securities LLC agreed to pay sanctions of US $22.6 million to settle charges brought by the Securities and Exchange Commission related to the way it handled retail orders forwarded by other broker-dealers. The SEC claimed that, from late 2007 through January 2010, Citadel advised certain of its broker-dealer clients that, when receiving orders from their retail clients, it would take the other side of the trade and provide the best price it saw on various market fees or obtain the best price in the marketplace. However, claimed the SEC, at least two algorithmic programs of Citadel did not process trades in accordance with these representations and did not always get their broker-dealer clients' retail customers the best prices. Citadel's sanctions include a fine of US $16 million as well as disgorgement and interest.