Global Head of Operations at Citadel Has a Board Seat at DTCC
David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, and has a board seat at the DTCC. The conflict of interest has raised big concerns amongst the retail…
Robinhood and Citadel Colluded Night Before Trading Restrictions
The U.S. House Committee on Financial Services just published a press release stating Robinhood and Citadel Securities engaged in ‘blunt’ negotiations before the trading of ‘meme stocks’ occurred. The press release states that…
Why New Retail Investors Should Avoid Investing With Robinhood
There’s been a surge of new retail investors questioning why they should ditch Robinhood or avoid it. Seasoned retail investors holding AMC stock have been guiding newcomers in order to help them prepare and maximize their profits for when AMC…
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 Pushes Back on Possible SEC PFOF Ban
The SEC is addressing the possibility of banning PFOF (payment for order flow). Citadel and other institutions are speaking out. Gary Gensler said there may be a conflict of interest for brokers and that too much power is concentrated in a handful of…
