Robinhood faces renewed complaint over poor execution quality
Traders in Florida sue Robinhood Financial over its payment for order flow arrangements with Citadel, Apex, Wolverine and Virtu.
Traders in Florida sue Robinhood Financial over its payment for order flow arrangements with Citadel, Apex, Wolverine and Virtu.
The Court has found that traders embroiled in the January trading short squeeze have failed to plead conspiracy.
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.
Traders who brought a large “short squeeze” lawsuit claim the actual client of Robinhood is Citadel Securities.
Citadel Securities claims that the conspiracy theory at the heart of a “short squeeze” lawsuit brought by traders rings hollow.