Traders clash with Citadel over SEC report in short squeeze lawsuit
According to the traders, Citadel mischaracterizes the SEC’s Report and cherry picks portions that expand its arguments.
According to the traders, Citadel mischaracterizes the SEC’s Report and cherry picks portions that expand its arguments.
Citadel Securities, which is accused of participating in market conspiracy that led to the January short squeeze events, refers to SEC report.
Citadel argues that the traders have utterly failed to plead a cognizable antitrust claim that can survive a motion to dismiss.
Citadel Securities claims that the conspiracy theory at the heart of a “short squeeze” lawsuit brought by traders rings hollow.
FINRA fines Citadel Securities for multiple issues with correctly reporting Treasury transactions to TRACE.
Citadel Securities has agreed to a censure and a $180,000 fine to settle the matter with FINRA.
The transaction is expected to close during the fourth quarter of 2020.