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The conspiracy theory is that they restricted trading in order to crash the GME price, thereby benefiting Citadel. There seems to be a "legal" way they could've
by hntrader 6y ago
The conspiracy theory is that they restricted trading in order to crash the GME price, thereby benefiting Citadel. There seems to be a "legal" way they could've done this, which is failing to be sufficiently capitalized for when the DTCC reqs change.
Hanlon's Razor and all, I fully agree, so I think this isn't the most likely explanation, but I don't think the prior for it is that low either.
- franklampard 6y agoI wouldn’t dismiss that theory as conspiracy theory, given Steven cohen’s history of convictions.
- hntrader 6y agoTo be fair, that's not pertaining to Citadel (which RH sells flow to) but to Point72, a different backer of Melvin Capital