That's less than 23 cents per violation. Not fair! Leave a comment below. He left in June of 2021 during the time when meme stocks were at their peak. Why AMC Stock's Short Interest Data Matters, These 3 Signs Point Towards Naked Shorting in MULN. Correct the way the DTC lends out shares allowing fake shares to be bought over and over. Will this crackdown be the catalyst to a short squeeze? For Search Tips and more about this tool, see About this Feature in Detail. The hedge fund is estimated to have lost several billions of dollars shorting AMC and GameStop. Theres not much I understood until you explained it in a way all apes can understand. Dems have been working towards implementing serious consequences for Citadel Securities after the Archegos incident. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. Citadel Securities is one of the top financial institutions shorting both AMC and GameStop. Thank you for the work you are doing. 21, Unsualinvestor The community wants justice! Posted by John P. Curran (July 14, 2019): This advantage allows hedge funds shorting the stock to drive the price down despite the massive buying pressure from retail investors. The SECs investigation was conducted by Wm. AMC: Dave Lauer Said SEC is Investigating Citadel! It was a punch in the face in 2008 when nobody was cuffed. The SEC is investigating work related communication via personal communication forms such as mobile/email etc. Join the Team! Aug. 20, 2018 Downloads. Keep up the excellent work!!! I hope justice will get served to all of the GME and AMC long share holders! Many retail investors doubted the SEC or DOJ would take action, but it seems actions spoke louder than words this time. For a while AMC and CLOVS daily charts were even moving in tandem. There has been the same exact type of manipulation. Why am I beforced to take a pleas? 0, Unsualinvestor Orange jumpsuits and short steps because of the shackles. Aug 28, 2022 During the congressional hearing earlier this year, Citadel Securities CEO Ken Griffin was under intense scrutiny. Although Citadel has been fined numerous times, it appears that they are simply part of doing business. Retail investors are fighting for a fair market. We don't know they're not. At the very least there should be regulations put on high frequency/ algo trading short selling and dark pool trading.. Well why do they get indicted and other go straight to jail? A few months ago I said that this wouldnt get out of hand unless hedge funds allowed it to by not closing their short positions in AMC and GameStop. Also Read: How Bloombergs Beloved Citadel Manipulates the Market, Community, Finance News, Investing News, Market News, Stock Market News, AMC EntertainmentAMC StockAMC Stock NewsCitadelCitadel ScandalCitadel SecuritiesDOJ ProbeFinance NewsGME StockInvesting NewsMarket NewsSEC NewsStock Market News. Twitter | Facebook | Instagram | Join 100+ apes on Patreon for exclusive FrankNez content! BIDEN, SEC, WARREN HAVE LAUNCHED A POLITICAL VENDETTA AGAINST CITADEL SEC Security and Exchange have launched a investigation on citadel vendetta10/13/2021 A. What do you want to see come out of this investigation? It returned about $4 million profit on $2.168 million buy in 1 day. Massive buying pressure from retail could force short sellers to close their positions as the price begins to experience larger upswings again. 2, Unsualinvestor Wed. Oct 19th, 2022 ; Stock Market Chat. Legal complications I assume, to some at least. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading. And while shorting a stock may not be illegal, trading patterns from several technical analysts shows naked shorting has made itself present again after being deemed illegal due to the Great Recession of 2008. Anyone want me to jack their tits? Our community is so diverse that it in the end it doesnt matter whether the party fighting against market manipulation is republican or democratic. taxes to pay the interest on the debt. 1958 University Avenue | Berkeley, CA 94704, Financial Services, Insurance and Banking, investigating Citadel, a Chicago-based hedge firm and market maker, broke the news of the U.S. government investigation, intermediaries have an incentive to create problems for traders, "dark pools" that allow clients to place secret orders, Barclays and Credit Suisse paid $154 million in fine, U.S. The DOJ is investigating Citadel for market manipulation Bloomberg just confirmed Citadel is one of the hedge funds under investigation by the Department of Justice. On this point, its interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave Congress the power to collect income taxes, were both passed in 1913., Nice artikel to mutch advertising though. Good to see that something is actually happeningand Im happy to see thatbut what are the odds that this will change anything? The SEC and other powerful leaders are looking into Citadel Securities, calling their business model politically motivated. Im sorry but I cant find anything on Bloomberg about this on March 11, unless youre referring to old news reported in February? AMC dark pool trading has been as high as 60% in the past few months and has traded higher other days. Keep reading to watch the Bloomberg clip below. Privacy Policy. The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. Everything weve endured as a community is beginning to payoff. Will I get my druthers? Thats what I want. Thank you for always keeping us updated Frank. Statue Conference to deny one right to a speedy trail. This is the first one Ive seen with this exact wording. Citadel Securities paid a $115,000 fine for these 502,243 violations and walked away. <> You can also follow me onTwitter,Instagram,Facebook, orLinkedInfor daily posts. This isnt the first time weve seen an answer to a request like this right ? Have brokers allow retail to buy shares in their name besides having to use a company in Australia. How Soon Will MULN Stock Go Back Up Again? These investigations go on in secret for years and then one day it gets up on Twitter that so and so's are charged. This search feature allows you to look up information about individuals who have been named as defendants in SEC federal court actions or respondents in SEC administrative proceedings. If anyone wants to know any more information about the FOI process PM me. The government levies income The community earned this. Get drawn at the end of the year for holiday giveaways. 4 0 obj %PDF-1.5 The government is finally waking up to the excessive amount of power this market maker has. No difference should be found in the wording, unless they are tweaking the template under a new revision. I will sell you the Brooklyn Bridge then. Morgan Stanley and Goldman Sachs are two of the banks that are being ordered to court. Whenever i feel clueless, your articles enlighten me. Right after MOASS destroys these guys financially forever! What are your thoughts on whats occurring with Citadel Securities, and what other problems do you think regulators should address? "The nature of the problem is that we know have a market where there are a handful of privileged participants who buy a privileged view of the market and they know prices before everyone else," Michael Lewis, a former bond trader and the author of books like Liar's Poker and Flash Boys, recently told TheStreet.com. Chuck Collins, author of "The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions," speaks by video with Pratap Chatterjee of CorpWatch about the Pandora Papers, and how a group of offshore consultancy firms design shell companies and trusts to Read More. I sent above info to SEC, AG/DOJ, and Senate Banking Comm (Sen. Warren, Shelby..) still waiting for any corrective action (not holding my breath). With the Sikh GG on board I'm hoping the punishment is more severe, What I take away from this is the GG tweet he had a few weeks ago as well talking about GME - Citadel, et all are all on SEC radar I imagine and they can't compromise anything currently as is. Is AMC Entertainment Getting Ready for a New All-Time High? My favorite part is where they're all like "We're investigating them for being shitbirds but we can't say that publicly until we say it publicly and at that time they may or may not be shitbirds, which they are." : r/Superstonk by R3lak This means Citadel has been making money from every trade that's been processed merely from high frequency trading. 2021CorpWatch, all rights reserved. Bloomberg just confirmed Citadel is one of the hedge funds under investigation by the Department of Justice. Who owns the FED? As a wholesale market maker or internalizer that specializes in handling retail orders from investors who are customers of other broker-dealers, Citadel Securities executes approximately 35 percent of the average daily volume of retail equity shares traded in the U.S. markets, according to the SECs order. One strategy, known as FastFill, immediately internalized an order at a price that was not the best price for the order that Citadel Securities observed. Be sure to leave a like on the video and subscribe if you enjoyed!Follow Me On Instagram: https://www.instagram.com/shortthevix1/Follow Me On Twitter! "We cooperate fully with such requests, but as a matter of practice, we simply don't confirm any particular inquiry. Why am I never allowed to write a defense statement? ICIJ has named this data collection the Pandora Papers. By eliminating suppressing forces in the market, we give AMC and GME stock an open runway to move up in a supply and demand play. Appreciate the work. one time I was allowed. "Citadel is not alone in trading stocks outside public stock exchanges. 2021-02-12. Seems like a pretty standard "were not gonna tell" type of legalese. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. The only chance at success is to specifically phrase your request so that it doesn't touch the investigative materials. Goldman Sachs bank is a top target of a major new investigation by the U.S. Securities & Exchange Commission (SEC) into the greenwashing of investment funds to fool investors. Don't want to deflate everyones jacked tits, but this is a template that is used for responding to FOI requests. Again, great work. Also would be great if you just through a little lifeline for $CLOV. UnusualInvestor covers major developments in cryptocurrency adoption, the stock market, and trading opportunities. You can't directly request information pertaining to an investigation since it's specifically exempted. There is no additional charge to you! These people have stolen TRILLIONS. Both these stocks share prices have been suppressed by dark pool trading, naked short selling, spoofing, and through OTC trading. Our team boasts over a 100 years of combined experience in risk management, both . : https. Citadel Securities now refers to SEC's Staff Report on Equity and Options Market Structure Conditions in Early 2021. . Supreme Court Rules Lower Courts are not watching. They create money, then loan it back to the government charging interest. This one seems the most transparent I've seen. Related: Global Head of Operations at Citadel Has a Seat at DTCC. Robinhood, Melvin, and Citadel execs expected to testify on GameStop before Congress. IMHO, this request was worded incorrectly. 0, Unsualinvestor On November 13, 2020, FINRA fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales. Bloombergs report confirms Citadel is one of the hedge funds on the list who the DOJ is seeking information from. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You can read more about it here. Citadel received a $1.2 billion lifeline from partners Sequoia and Paradigm early this year, the first time the company receives private funding. Ladies and gentlemen, were seeing more of these headlines on mainstream media. The Securities and Exchange Commission today announced that three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as "blue sheet data," which the SEC uses to carry out its enforcement and regulatory Citadel is under investigation by the DOJ and the community is spreading this like wildfire. The FED basically works like this: The government granted its power to create money to the FED banks. Copyright 2023 InvestorTurf - All Rights Reserved. On January 13, 2017 the SEC settled a case against Citadel Securities for $22.6 million in fines and disgorgements, alleging the following had occurred: endobj Kenny, was able to get rid of all the computers in Chicago, move his money to the Caymans, and fly out of the country before the DOJ started their investigation on him. It seems like nothing ever changesand nobody is ever held accountable. Indeed many stock brokers use Citadel to buy and sell shares because they believe they can get a better deal than going through a traditional stock exchange since "market makers" like Citadel have access to faster data feeds.There's another incentive too - Citadel paid the smaller brokers $52 million last year to get their business, The firm claims that that these clients saved $200 million by using Citadel's services.But according to Reuters, which broke the news of the U.S. government investigation, Citadel allegedly used slower data feeds to buy and sell for these small investors despite the fact that the firm had access to more accurate prices. I love my life and all you filthy animals in it. Welcome to Franknez.com this clip came about on Twitter where a community member shared the Bloomberg news. It explains why selling unlimited fake shares (such as of Boeing) and hiding trades in DTCC goes on unchecked.