Citadel Securities addresses #CitadelScandal with screenshot of conversation with Robinhood

This firm is tweeting greater than Elon Musk as of late. One other day, one other hashtag, and one other denial of wrongdoing from the market maker.

Citadel Securities has taken to Twitter for the third time this week in an try to put out the hearth that’s raging on social media. Tripling down on their efforts to color meme inventory traders as conspiracy theorists, the corporate tweeted out what they consider to be proof that they had been unaware of Robinhood’s plans to forestall retail traders from shopping for shares like GameStop and AMC.

Here is a transcript of the newest Citadel Securities tweets:

  • Plaintiffs’ legal professionals hid the info from the Courtroom and the general public inflicting conspiracy theorists to churn baseless theories. (link)
  • We FIRST discovered of Robinhood’s buying and selling restrictions from posts on Twitter – as evidenced by real-time communications. (link)
  • Our main Robinhood level particular person needed to ask Robinhood if the Twitter posts on the buying and selling restrictions had been “truth or fiction?” (link)

Citadel Securities tweeted out this screenshot of a conversation with Robinhood that took place on January 28, 2021.
Citadel Securities tweeted out this screenshot of a dialog with Robinhood that came about on January 28, 2021.

Here is a transcript of the screenshot picture Citadel Securities tweeted of a dialog on January 28, 2021 between the corporate and Robinhood:

  • 2021-01-28 08:32:58 AM EST (Citadel Securities L) Morning
  • 2021-01-28 08:39:23 AM EST (Citadel Securities L) Noticed a tweet that you simply guys are placing GME and AMC in shut solely?
  • 2021-01-28 08:39:32 AM EST (Citadel Securities L) Reality or Fiction?
  • 2021-01-28 08:42:48 AM EST (Robinhood Securities) Good morning – that’s right, was simply going to inform you. AMC, GME, NOK, BB, NAKD, KOSS, EXPR, BBBY all PCO
  • 2021-01-28 08:43:01 AM EST (Citadel Securities L) These are all shifting to closing solely?
  • 2021-01-28 08:43:10 AM EST (Robinhood Securities) In the intervening time sure
  • 2021-01-28 08:43:13 AM EST (Citadel Securities L) Equities? Choices? Are you able to ship me the offical discover
  • 2021-01-28 08:43:25 AM EST (Robinhood Securities) Simply fairness presently

Citadel Securities positive has gotten fairly lively on Twitter after almost eight months with zero exercise on social media. The corporate continues to bounce across the questions being requested by traders. Up to now week, meme inventory traders have been capable of get #KenGriffinLied and #CitadelScandal to pattern on Twitter, as outrage continues to develop over the market maker and Robinhood’s therapy of shoppers. Identify-calling is a reasonably weak tactic, however it’s par for the course from these elitist Wall Street professionals like Citadel Securities CEO and Founder Ken Griffin.

As a market maker within the inventory market, Citadel Securities has already been fined for trading ahead of customers only a few years in the past, so it’s not that massive of a leap of religion to consider that this firm might not be performing in the perfect curiosity of small retail traders. On the core of what occurred in late January of 2021 is the truth that brokers and market makers labored collectively to forestall shopping for of shares. Citadel has repeatedly acknowledged that they proudly executed trades for 7.4 billion shares on January 27, 2021, however they’ve conveniently overlooked key data from that assertion. What shares had been traded? Who had been the counter events? What % of trades had been made to assist shorts cowl? 

It’s fairly clear to the little man, the retail investor, that Wall Avenue doesn’t have their again, however what occurred in January could have lasting unfavorable results on the subject of market confidence. Citadel Securities is clearly making an attempt to do harm management for some motive, however outdoors of hand-picked information dumps and name-calling, what precisely have they stated to cease the onslaught of tweets from offended meme inventory traders? 

Maintain it locked on Shacknews for all the newest data surrounding the ongoing GameStop short squeeze and the drip of ham-fisted statements from related market gamers like Citadel Securities and Robinhood. | Citadel Securities addresses #CitadelScandal with screenshot of dialog with Robinhood


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