None of this is financial advice. If its a good idea then Im curious to how many shares it would take to put the brakes on their ability to continue recycling shares. A few months ago I said that this wouldnt get out of hand unless hedge funds allowed it to by not closing their short positions in AMC and GameStop. Rulemaking Index; Proposed Rules; . What do you want to see come out of this investigation? I will sell you the Brooklyn Bridge then. No fines, no new regulation, I demand a perp walk. It returned about $4 million profit on $2.168 million buy in 1 day. The SEC and other powerful leaders are looking into Citadel Securities, calling their business model politically motivated. "Reuters says that the government is pursuing Citadel under a 1989 law called the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and has ordered the firm to turn over trading and pricing data. It seems like nothing ever changesand nobody is ever held accountable. Is AMCs Outlook Better Than MSM Portrays? 3 0 obj 2021-02-12. Will I get my druthers? The investigation was supervised by Mr. Cohen. Supreme Court Rules Lower Courts are not watching. How Soon Will MULN Stock Go Back Up Again? Everyone is looking at Citadel Securities Ken Griffin. FOIA request reveals Citadel Securities is under investigation by the SEC. That's less than 23 cents per violation. According to Gasparino, GOP sources are stating theres a lot of insider talk about Biden, Elizabeth Warren, and Gary Gensler going after Ken Griffin. Your results will not include individuals whose cases are currently pending at the trial court or those against whom no judgment or order has been issued. JP Morgan, the Wall Street bank, has drawn condemnation from around the world of football, foragreeingto lend 4 billion for a 20 member European Super League that would effectively devastate the existing system of European football leagues. Our team boasts over a 100 years of combined experience in risk management, both . For more information, please see our Boeing is another example of extensive naked shorting (appears selling fake shares between accounts using wash sale algorithm to force price down). Investorturf provides the latest crypto and stock market news, as well as financial education that school systems do not offer. Thank you for always keeping us updated Frank. Goldman Sachs bank is a top target of a major new investigation by the U.S. Securities & Exchange Commission (SEC) into the greenwashing of investment funds to fool investors. Get drawn at the end of the year for holiday giveaways. During a pandemic where many have been laid-off and are experiencing difficult obstacles to overcome. If the Feds brought down the mob under the Rico act it will work for Wall Street crooks! 2, Unsualinvestor investigations and examinations, and ultimately interfere with the Commission's ability to protect investors. After several months of voicing your thoughts about the injustice in the markets, Citadel Securities is finally getting the smackdown. I respond to around 150 - 200 FOI requests per month (around the sector / area I am responsible for managing / handling) and the organisation receives around 1000 - 5000 requests per month (it rarely goes over 1-2K but we have had periods where there were some high spikes). Apes, were moving in the right direction. Crimes have new definitions, Black Law Dictionary. Regulators are taking Morgan Stanely and several other hedge funds to court after several subpoenaswere sent out earlier this year. Not fair! The SEC is investigating work related communication via personal communication forms such as mobile/email etc. Join the Team! We need regulators and people with power to impose serious consequences on the market maker. Indeed many stock brokers use Citadel to buy and sell shares because they believe they can get a better deal than going through a traditional stock exchange since "market makers" like Citadel have access to faster data feeds.There's another incentive too - Citadel paid the smaller brokers $52 million last year to get their business, The firm claims that that these clients saved $200 million by using Citadel's services.But according to Reuters, which broke the news of the U.S. government investigation, Citadel allegedly used slower data feeds to buy and sell for these small investors despite the fact that the firm had access to more accurate prices. Citadel Securities is one of the top financial institutions shorting both AMC and GameStop. 21, Unsualinvestor We employ investigative research and journalism to provide critical information on corporate malfeasance and profiteering around the world to foster a more informed public and an effective democracy. This is not investment advice to purchase any stock mentioned in this video or any other videos and shall not be construed as anything other than an opinion for entertainment purposes only. Bloomberg just confirmed Citadel is one of the hedge funds under investigation by the Department of Justice. A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.Citadel is one of the oldest hedge funds in the business. Kenny, was able to get rid of all the computers in Chicago, move his money to the Caymans, and fly out of the country before the DOJ started their investigation on him. And stop with the by laws within the company and organization so that they can force the Federal Laws. xrF]UTTE]YMnElWlKSsD%9@{b9>=iW{%j7H-j>O{ogf39?{rT^CsA:!~;:)B9|dyH6dzmO Good to see that something is actually happeningand Im happy to see thatbut what are the odds that this will change anything? Washington D.C., Jan. 13, 2017 . taxes to pay the interest on the debt. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Seems like a pretty standard "were not gonna tell" type of legalese. It now conducts two principal businesses: Citadel Capital Management, one of the nation's largest hedge funds, which manages more than US$38 billion in assets for its clients as of August 31, 2021; and Citadel Securities, which handles more than 40% of the U.S. stock market's trades. The Securities and Exchange Commission today announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades. Everything weve endured as a community is beginning to payoff. Update: The others said they cant release information into any possible investigations. Still, only time will tell where these investigations go. Although Citadel has been fined numerous times, it appears that they are simply part of doing business. Both the SEC and FINRA sent additional inquiries to Robinhood "related to employee trading in certain securities that were subject to the Early 2021 Trading Restrictions, including GameStop Corp . The SECs order finds that Citadel Securities, which has since discontinued the two algorithms at issue, violated Section 17(a)(2) of the Securities Act from late 2007 through January 2010. Dems have been working towards implementing serious consequences for Citadel Securities after the Archegos incident. Have your thoughts changed about the competence of the SEC and Gary Gensler? Feb 22, 2023 BS you can sell something you dont own. %PDF-1.5 This site uses cookies. 0, Unsualinvestor Also instead of fining them , they should get a year for every Million Dollars they have stolen form retail traders! You might know Gasparino for trolling the AMC community on Twitter. It explains why selling unlimited fake shares (such as of Boeing) and hiding trades in DTCC goes on unchecked. Our society today makes sure crooks get held accountable. Leave a comment below. Betting against a fair market, and especially against these heavily shorted meme stocks is a sign of weakness. The exchanges have the incentive to cater to the high frequency traders. And while shorting a stock may not be illegal, trading patterns from several technical analysts shows naked shorting has made itself present again after being deemed illegal due to the Great Recession of 2008. Citadel Securities now refers to SEC's Staff Report on Equity and Options Market Structure Conditions in Early 2021. . Welcome to The Citadel Agency. There are more examples. GNS CEO Shares Petition to End Naked Shorting, Strategist Says Mother of All Short Squeezes is Here. Retail investors want to eliminate the market manipulation thats been occurring due to the overleveraged power Citadel Securities has over the retail investor. You can also follow me onTwitter,Instagram,Facebook, orLinkedInfor daily posts. Well why do they get indicted and other go straight to jail? And while shorting a stock may not be illegal, trading patterns from several technical analysts shows naked shorting has made itself present again after being deemed illegal due to the Great Recession of 2008. SEC Action Lookup - Individuals (SALI) Individuals with Court or Commission Orders Entered Against Them Last Name (required) First Name About this Feature This search feature allows you to look up information about individuals who have been named as defendants in SEC federal court actions or respondents in SEC administrative proceedings. Orange jumpsuits and short steps because of the shackles. 0, Unsualinvestor This matters because Citadel generates its profits from the difference between the price paid by a buyer and the price offered by a seller. "Internalizers can't suggest they are doing one thing yet do another when it comes to pricing trades.". When trust is discarded then the integrity isnt going to be pleasing when retailers bail out with their investments! You might be thinking this is unfair and undermines the rights of a FOI requestor, but each and every request raised through FOI is reviewed and weighted to ensure the organisation will be able to continue its duties with that information being made public. Get rid of these bernie maddoff mother fers! pdf . The Securities and Exchange Commission is investigating the first-day trading activities of workplace-focused instant messaging . Unsualinvestor STAY CONNECTED Don't want to deflate everyones jacked tits, but this is a template that is used for responding to FOI requests. It explains why selling unlimited dollars of fake shares and forcing settlement thru corrupt/controlled DTCC allows super rich an unbelievable gravy train, which has continued for decades. One strategy, known as FastFill, immediately internalized an order at a price that was not the best price for the order that Citadel Securities observed. DOJ could look into why entities are getting funds for accommodation for the disabled that has put a limit on the accommodation. About The SEC. There has been the same exact type of manipulation. We don't know they're not. Franknez.com is the media blog that keeps retail investors informed. As per Bloomberg news, Citadel has been officially named in the DOJ Short Seller investigation. Well, the fact that Robinhood, et. Of Boeing ) and hiding trades in DTCC goes on unchecked is Here regulators and people with power to serious... And Options market Structure Conditions in Early 2021. they should get a year for every million Dollars they have form. To be pleasing when retailers bail out with their investments doing business serious! Not offer of the shackles million Dollars they have stolen form retail traders look into why entities getting... They have stolen form retail traders I demand a perp walk endured as a community is beginning to.. 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