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Tom Sosnoff and Scott Sheridan sell 6.5M ordinary shares in IG Group

Jefferies today posted a notice regarding a placing of 6.5 million existing shares in IG Group Holdings plc.

Co-founder Kristi Ross will move to a strategic advisory role and step back from day-to-day responsibilities at tastytrade and IG.

The transfer of IG Group shares was for estate planning purposes and the lock up arrangements following the tastytrade acquisition stay in place.