Retail Investors Petition to Fire SEC Chairman Gary Gensler
Retail investors have gotten together and started a petition to fire SEC Chairman Gary Gensler for obstruction of justice. The SEC Chairman is believed to be complicit to the market manipulation occurring in the day-to-day stock market. Gary Gensler…
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…
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 The filing replaced NSCC-2021-010 which was withdrawn on March 25th of 2022.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…
DTCC B16845-22: Are Margin Calls on The Way?
On April 29, the DTCC released B16845-22 under the ‘settlement’ category. The subject reads: changes to DTC collateral haircuts. The notice is directed to all market participants and I’m going to touch topic on what this means down…
