{
 "body": {
  "html": "<p>The SEC's Investment Adviser Public Disclosure system lists Quadrature US Inc. (CRD 332328) with an SEC registration status of \"Terminated\", effective Aug. 5, 2026.</p>\n<p>In the SEC's last monthly adviser file that listed it, the firm reported $28.8B of regulatory assets under management across three private funds.</p>\n<p>The records don't say why the registration ended.</p>",
  "text": "The SEC's Investment Adviser Public Disclosure system lists Quadrature US Inc. (CRD 332328) with an SEC registration status of \"Terminated\", effective Aug. 5, 2026.\n\nIn the SEC's last monthly adviser file that listed it, the firm reported $28.8B of regulatory assets under management across three private funds.\n\nThe records don't say why the registration ended."
 },
 "claims": [
  {
   "evidence": "Terminated",
   "kind": "no_longer_registered",
   "receipt": "crd:332328:8/5/2026"
  }
 ],
 "contact": "research@alphanume.com",
 "corrections": [],
 "dek": "IAPD lists the firm's SEC registration as terminated effective Aug. 5, 2026.",
 "desk": "registry",
 "desk_label": "Registry & People",
 "entities": [
  {
   "basis": "identifier or the record itself",
   "identifiers": {
    "crd": "332328"
   },
   "in_headline": true,
   "name": "Quadrature US Inc.",
   "role": "adviser"
  }
 ],
 "facts": [
  {
   "key": "firm",
   "receipt": "crd:332328:8/5/2026",
   "source": {
    "path": "Primary Business Name",
    "value": "QUADRATURE US INC."
   },
   "text": "Quadrature US Inc."
  },
  {
   "key": "crd",
   "receipt": "crd:332328:8/5/2026",
   "source": {
    "path": "Organization CRD#",
    "value": "332328"
   },
   "text": "332328"
  },
  {
   "key": "status",
   "receipt": "crd:332328:8/5/2026",
   "source": {
    "path": "iapd:registrationStatus[SEC].status",
    "value": "Terminated"
   },
   "text": "Terminated"
  },
  {
   "key": "status_date",
   "receipt": "crd:332328:8/5/2026",
   "source": {
    "path": "iapd:registrationStatus[SEC].effectiveDate",
    "value": "8/5/2026"
   },
   "text": "Aug. 5, 2026"
  },
  {
   "key": "raum",
   "receipt": "ia08032026_1.zip",
   "source": {
    "path": "5F(2)(c)",
    "value": "28,802,421,870.00"
   },
   "text": "$28.8B"
  },
  {
   "key": "private_funds",
   "receipt": "ia08032026_1.zip",
   "source": {
    "path": "Count of Private Funds - 7B(1)",
    "value": "3"
   },
   "text": "three"
  }
 ],
 "guid": "tag:alphanume.com,2026:news:s_yec5dczdsniv",
 "headline": "Quadrature US Inc. is no longer an SEC-registered investment adviser",
 "id": "s_yec5dczdsniv",
 "kind": "story",
 "legal": {
  "allegation": false,
  "stage": null
 },
 "provenance": {
  "classification": "rule",
  "models": [],
  "review": {
   "decision": "approved",
   "method": "independent agent panel",
   "models": [
    "claude-opus-5-5",
    "claude-opus-5-5"
   ],
   "prompt": "story_review.v2",
   "reviewed_at": "2026-09-29T20:22:48+00:00",
   "reviewers": 2
  },
  "template": "adviser_withdrawn.v3"
 },
 "published_at": "2026-09-30T17:01:46+00:00",
 "receipts": [
  {
   "filed": "2026-08-03",
   "form": "adviser_registered",
   "id": "ia08032026_1.zip",
   "label": "SEC monthly adviser file",
   "source": "adviser_file",
   "type": "sec_file",
   "type_label": "SEC adviser file",
   "url": "https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia08032026_1.zip"
  },
  {
   "filed": "2026-08-05",
   "form": "iapd_firm",
   "id": "crd:332328:8/5/2026",
   "label": "IAPD firm record",
   "source": "iapd",
   "type": "crd",
   "type_label": "IAPD firm record",
   "url": "https://adviserinfo.sec.gov/firm/summary/332328"
  }
 ],
 "record_date": "2026-09-01",
 "schema": "alphanume.news/item/v1",
 "slug": "quadrature-us-inc-is-no-longer-an-sec-registered-investment-adviser",
 "status": "published",
 "type": "adviser_withdrawn",
 "updated_at": "2026-09-30T17:01:46+00:00",
 "version": 1,
 "url": "https://news.alphanume.com/stories/quadrature-us-inc-is-no-longer-an-sec-registered-investment-adviser",
 "api_url": "https://news.alphanume.com/api/v1/stories/s_yec5dczdsniv"
}