Biotech Company Suing Citadel Over Market Manipulation
Biotech company Northwest Biotherapeutics is suing Citadel and other market makers for allegedly manipulating its stock price. The company is accusing Citadel Securities LLC, Susquehanna, Virtu, and other Wall Street firms of driving its stock price down…
Virtu is Suing the SEC Over Records Request
Virtu Financial Inc is suing the SEC, alleging on Tuesday its primary regulator had not responded to a public records request. Virtu, a market maker with a large equities business, said it submitted a Freedom of Information Act (FOIA) request in June to…
Citigroup Has Been Shorting AMC for Over a Year
Citigroup is giving AMC Entertainment a salty $1.20 price target after shorting the stock the past year. The institution has filed a 13F-HR form disclosing ownership of 158,173 shares of AMC Entertainment Holdings, Inc. The holdings are valued at $1.1…
SEC Spent $460K on “Investomania” Meme Stock Ad
The SEC spent nearly half a million dollars on the ‘meme stock’ ad campaign that ridiculed millions of retail investors. A Twitter user had sent in a FOIA application inquiring about the costs to produce “Investomania”, the video…
AMC FTDs Top 51.6 Million This Year Through June
AMC’s FTDs have skyrocketed this year. These FTDs (failure-to-deliver) are millions of orders unaccounted for in the lit market. An FTD happens when a party is unable to deliver a tradable asset or meet a contractual obligation in a transaction.…
