“Redditors, thank you so much for helping create the best pipeline we’ve ever had”, said Ken Griffin on Business Insider.
Ken Griffin, on how the GameStop frenzy helped raise Citadel’s profile with potential hires.
Business Insider says the SEC found no truth to any of the conspiracy theories but how can the SEC really go against one of the most powerful hedge funds in the world?
Transcripts showed Citadel and Robinhood did in fact have “blunt negotiations” the night prior to the halts.
A Miami district court judge admitted the Citadel and Robinhood transcripts were suspicious.
However, the federal court has dismissed the case due to a ‘lack of evidence’.
Research shows Judge Cecilia Altonaga had a close connection to the defendant’s law firm, insinuating a conflict of interest in the case.
Ken Griffin on Meme Stock Rally
The GameStop affair, in an odd twist, actually helped boost Citadel’s clout with potential recruits, Griffin said.
“For a lot of people this was a wake-up call that this firm Citadel is actually one of the most important players in the world’s financial markets,” he told Business Insider.
“Redditors, thank you so much for helping create the best pipeline we’ve ever had.”
“We’ve lost sight of the opportunities people can enjoy in America in recent years,” Griffin said.
To help counteract that, Griffin said he plans to give away the vast majority of his fortune during his lifetime.
“I’m going to give my money away in a way that I think has a real impact for our country,” he said. “I hope that the gifts I make will have an impact on America and the world for many years to come.”
Source(s): Business Insider.
Retail Investors Weigh In
Ken Griffin has made his money off the backs of retail investors who are simply looking to start building wealth through their favorite company stocks.
Retail investors say Ken Griffin’s Citadel takes advantage of its payment for order flow (PFOF) and use of off-exchange trading.
Backdoors in the financial system allow institutions to essentially control the game even when the ball is in retail’s court.
Chairman Gensler has even admitted to dark pools having a strong suppression on a securities share price which goes to show how much power these institutions really have in the game.
Were Ken Griffin’s comments about ‘meme stocks’ and redditors arrogant?
Leave your thoughts below.
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