FT: Robinhood taps banks in rush to restore GameStop trading https://on.ft.com/3t6smeN https://on.ft.com/3t6smeN link is good for 3 paywall bypasses, comment

FT: Robinhood taps banks in rush to restore GameStop trading https://on.ft.com/3t6smeN https://on.ft.com/3t6smeN link is good for 3 paywall bypasses, comment if you really want to read it and you get paywalled >Citadel Securities said it had “not instructed or otherwise caused any brokerage firm to stop, suspend, or limit trading or otherwise refuse to do business”. >Citadel, a hedge fund also owned by Mr Griffin, said it was “not involved in, or responsible for, any retail brokers’ decision to stop trading in any way”. Earlier this week, Citadel provided rescue financing to Melvin Capital, a hedge fund targeted by retail traders on Reddit. I, for one, believe that Citadel Securities the market maker stands to gain more than Citadel the hedge fund ever stood to lose. And I would note that Citadel (the hedge fund) invested in Melvin; presumably to close out their shorts, not double down. Melvin claims to be out of GME, per FT reporting. FT is generally quite reputable, and it is not clear to me whether Melvin lying on this matter would be a crime?