Bed Bath & Beyond CFO Dies After Insider Trading Lawsuit Claims
Bed Bath & Beyond’s CFO Gustavo Arnal died shortly after facing lawsuit claims of insider trading with GameStop’s Ryan Cohen. His death occurred days after the company had announced it would be closing 150 stores and cutting 20% of its…
Chicago Tribune Says Citadel Securities’ Dark Pool Targets Small Investors
The Chicago Tribune just published a piece explaining exactly what retail investors have been warning the SEC about. Citadel Securities’ dark pool dominates a big part of the financial world, accounting for as much as half of U.S. stock market…
Market News: NSCC-2022-003 Approved
NSCC-2022-003 has been APPROVED. The filing replaced NSCC-2021-010 which was withdrawn on March 25th of 2022. The rule aims at providing a more stable environment for market participants and I’m going to break it all down below. Let’s get…
Ken Griffin Attacks: “Pension Plans Destroyed by Retail Investors”
Ken Griffin accused the retail community of destroying teacher’s pension plans by taking down Gabe Plotkin’s Melvin Capital. Melvin Capital is a hedge fund that was short on ‘meme stocks’ holding a large position in GameStop. The…
Hedge Fund Melvin Capital Is Shutting Down End of June
Hedge fund Melvin Capital, notoriously known by the retail community for betting against GameStop is now closing its doors. 2022 marks the second year in a row the short seller underperforms. Melvin Capital lost a staggering 20.6% the first quarter this…
