Virginia Retail Investors
Northern Virginia's federal workforce — including many government employees saving for retirement — and the broader state population constitute a large retail investor base. These investors use discount brokers that route orders to wholesale market makers including Citadel Securities.
Virginia Regulatory Resources
The Virginia State Corporation Commission's Division of Securities and Retail Franchising regulates securities in Virginia. Investors can file complaints with the SCC, FINRA, and the SEC.
Federal Employees and Market Structure
Federal employees participating in the Thrift Savings Plan (TSP) and managing personal investment accounts outside the TSP are affected by market structure issues. While the TSP itself does not use retail brokers, personal accounts do.
Investor Resources
Virginia investors can access regulatory complaint resources through the Virginia SCC, FINRA, and the SEC.