Citadel Securities to pay $1M fine for alleged FINRA rule violations
Citadel Securities LLC has agreed to pay a fine of $1 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Citadel Securities LLC has agreed to pay a fine of $1 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Citadel, Instinet, Virtu, and Canaccord are accused of deliberately engaging in repeated spoofing that drove NWBO’s share price downward.
Citadel Securities announces the opening of a new office in Tokyo and plans to launch its U.S. fixed-income offerings in Japan.
Several traders have filed an appeal from a ruling in favor of Robinhood and Citadel in a lawsuit about the January 2021 short squeeze.
The Court has dismissed for good the antitrust claims against Robinhood and Citadel regarding the January short squeeze.
Robinhood and Citadel Securities claim that traders have tried to manufacture an antitrust conspiracy where none exists.
Traders insist that there was an anticompetitive agreement between Robinhood and Citadel that was related to the January 2021 short squeeze.
Robinhood Markets derived most of its revenues from PFOF, with Citadel Securities accounting for 22% of the total.
Robinhood and Citadel say the traders have alleged no new facts to make their antitrust claim plausible.
Robinhood and Citadel are accused of having hatched an anticompetitive scheme to restrict retail investors’ access to specific stocks.