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Is Citadel accused of doing something illegal?
by addicted 6y ago
Is Citadel accused of doing something illegal?
- disgrunt 6y agoDoesn't matter. Yellen has a conflict of interest.
- notahacker 6y agoBy Redditors who have wasted money following investment advice from other Redditors, yes. Specifically it's claimed that after Citadel gave a failing hedge fund lots of money to exit their position, the hedge fund lied about exiting its position and actually didn't start exiting its position until a different division of Citadel asked Robinhood to stop GME buys the following day. Focus on Yellen's speaking fee is simply trying to explain away in advance why many people given access to data which could prove it either way and tasked with investigating will conclude this baseless conspiracy theory is a baseless conspiracy theory.
- vorpalhex 6y agoYes, several retail investors have accused them of acting illegally to protect their emergency loan to Melvin capital by raising their collateral fees for certain stock transactions, resulting in restrictions on GME buys. Citadel effectively has a conflict of interest in letting GME buys occur, and it was after they had that conflict that GME buys became restricted.