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Maybe not clear cut corruption, but a big conflict of interest. Citadel has a good interest stake in Melvin Capital: https://www.wsj.com/articles/citadel-point
by NoOneNew 6y ago
Maybe not clear cut corruption, but a big conflict of interest.
Citadel has a good interest stake in Melvin Capital: https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340 https://www.wsj.com/articles/citadel-point72-to-invest-2-75-...
Melvin Capital is the hedge fund that's directly hurting from retail investor actions. That's an easy google you can do yourself.
Citadel stands to lose quite a bit of money from retail investors now and potential in the future. So them giving a regulatory authority 700k to talk about the issue... is it really hard to imagine which way Yellen is going to lean on this one?
- totalZero 6y agoCitadel also pays millions and millions of dollars to Robinhood in order to get first look on its customer orders.