Citadel Paid SEC $22.6 Million to Settle Charges of Misleading Conduct
In 2017, Citadel paid the SEC $22.6 million to settle charges that it misled customers about the way it priced trades. The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trades on customers’ behalf that gave investors…
Citadel Loses Court Case to IEX Order Type
BREAKING: Citadel Securities just lost the court case to the IEX order type. The ruling is a notable victory for IEX and a blow to Citadel Securities, which profits from small differences between the bid and ask prices in a trade. (Bloomberg)—Citadel…
Why Is Citadel Securities Frightened Of The IEX Exchange?
The lawsuit regarding the D-Limit order type is taking place on Monday, October 25th. Citadel is suing the SEC arguing that this new order type from the IEX Exchange will harm tens of millions of retail investors, via Reuters. But will it? Let’s…
3 Judge Panel Breakdown: Citadel VS SEC Lawsuit Hearing
Judges Rao, Walker, and Sentelle, asked tough questions during the first part of this Citadel vs SEC lawsuit hearing. The hearing took place yesterday, October 25th, 2021 but continues today. I’m going to be breaking down parts of the hearing and…
