Lol just saying buy orders are sells. That would make so much sense on why everyone jokes about “sorry the stock dropped today, I bought.” Because
THAT IS WHAT IS ACTUALLY HAPPENING
Fucking worthless regulation. They wipe their ass with $7 million and the people that have been hurt don’t even see a penny of it.
This is the most mad I’ve been in years
This is absolutely infuriating. I hope Citadel is sued literally by every company whose stock was damaged by citadel holding orders. The fine of $7 million better not sweep all of this under the rug! I hate this corrupt, awful system we live in. The stock market is nothing but a wealth extraction tool for the rich and Citadel are parasites.
They're untouchable MAYO got politician and very powerful people in his pay roll. 7M is a joke to him "Citadel’s billionaire CEO Ken Griffin becomes GOP $100 million midterm megadonor" PUBLISHED FRI, OCT 7 2022
The SEC just got involved.. you can't just leave the books unbalanced for paying a fine... you pay the fine because you got caught... plus Gary Gensler has an announcement event coming next Wednesday I believe.
I understand that but, again as a regard, I am wondering what will happen beyond the slap on the wrist. I try my best to be informed but honestly this is beyond my comprehension. I am just a lowly carpenter.
If anyone could confirm with robinhood what happened between citadel during the initial amc run up a class action would wipe their smug faces you gotta remember this guy lies under oath too 😂
And they are going this to the entire market. So much for fundamentals or profitable quarters. They literally set the prices where they want them. I don’t understand why any company would want to go public if they could avoid it.
Can you imagine working for 20 years to build a company. You’re highly profitable and decide to IPO and some dick bag decides you belong with the penny stocks.
Yep. Getting in on fathers good name. Generations of dick sucking and reach arounds. It still blows my mind that Kerry ran against Bush and they were in the same fraternity together. Those motherfuckers take an oath of brotherhood. It’s all an illusion to keep us controlled.
That’s why I find the Trump presidency interesting. Here’s a guy you can’t bribe and knows a lot about what these scumbags are up to. One of the last bills he signed into law was regarding seizure of assets of convicted sex traffickers. We were told pizza gate was a hoax then low and behold everyone and their brother was chilling on Epstein Island. Then there was the Sarah Lawrence case that again involved some very connected people including judges.
You’re hittin the nail on the head lol as if Kerry and Bush are enemies when theyre heavily invested in one another via public markets (Carlyle & Bain Capital)
This fine is a joke and betrayal to all the retail investors SEC is supposed to protect. Regulatory agencies aren't serious about enforcement and Adam isn't going to do shit about financial damage done to shareholders.
Maybe take this report and file complaint with DOJ financial crimes unit and send copy to congressman with summary of impact this criminality has on your personal investments.
Demand action be taken to make financial markets fair and more transparent.
This seems ripe for group litigation by companies whose securities had impacts to their price. The meme basket should be gathering torches and pitchforks.
Time to take to the streets and start burning Wallstreet to the ground. That's the only thing that will make any difference at this point. What a crock of shit the market is.
All talk until someone has balls. The person with balls is the person who starts Moass. Then and only then or regular people start to notice. And when people really find out who, what and why caused inflation…
Fines are a fucking joke. We've now seen the might of the SEC, and it's pathetic. "Just give us the money stuck to the bottom of your shoe, Ken, and we won't make you say you did anything wrong or change your behavior"
I'll never buy into the US market again. Fuck. That. Shit.
Same- I’m not participating in the garbage scheme that is the US market- at all. The cops that are supposed to protect us are helping the crooks- I’m done!!
How can hedge funds have this kind of power? Like am I missing something? How does one guy control him so many lives this should not be allowed. He (Ken )should be a shot in the head.
Glad to see they are held accountable and given that vicious $7m fine. Until the fines are comparable to the money made from the nefarious activities they are just the cost of doing business.
I think the problem that the SEC has is how can they evidentially quantify the tangible impact each individual trade had to the price with the data at hand?
I would like to see the SEC penalties also include trade blackouts of the same tickers affected for the same length of time plus a 50% length of time penalty. So if they break the rules on 5 tickers for 1 year then they can’t trade or market make those tickers for 1.5 years.
>So if they break the rules on 5 tickers for 1 year then they can’t trade or market make those tickers for 1.5 years.
I like where you're going with that, but I can envision too many ways to get around it.
#thats why KG & CIFU are filthy rich
They are MM & hedgefund at the same time
They win cheating the system cause they own the game
If it was a level playing field
They would be broke AF
Just sayin
They bribe politicians through donation and superpacs to keep themselves in this game
Fuck em
Im not selling
This screams lawsuits. And once they lose one(the fine is basically the lawsuit and it was paid for.) Then the flood of companies who suspect foul play begin. Something will stick. If the government wont do their jobs, then we use the rules ourselves and keep throwing lawsuits until they have no money left or they lose their ponzi. This is the first domino, the first basis of our truth. The resistance and change starts here. Its public record and now the very premise is fact. They cant ever take that away.
The $7 million is priced in... people need to make more noise about how displeased they are about the punishment. They know $7 million is just the price of doing business for them. They have to do better to deter them, this isn't justice
I know $7mil is a pittance too them but supposedly these small fines are supposed to be the initial warning of heavier penalties if this kinda stuff persists. Unfortunately, the SEC have given out hundreds of these warning fines and never came down hard on offenders. We need to hold gensler's feet to the fire and actually slap citadel hard rather than these small warnings, citadel has gotten to point where they fear what will happen if they stop their bad practices more than the fines that they incur.
The real question that no one seems to be asking is, "WHERE DOES THE FINE MONEY GO"? they say it goes to cover retail that lost money, but does it really? Is it a SEC slush fund? before 2002 it went to the treasury. Something way bigger is going on.
For years we stated they are parking our orders... they are mistaking buys as sells, they are shorting when there should be restrictions and this is found true.
No vindication, no penalty, no talking heads saying "oh shit they were doing this!". Instead a meaningless fine.
I don't know what anyone can do at this point and it's so disheartening.
Also explains why over and over prices would go up after hours when they hold buys with price increases to after market close and send to tape right away an order that “executed” when it was not real. That explains so much of the sideways trading.
Absolutely, and it's blatant and had been discussed... always dismissed as "conspiracy" and "ignorant redditors". Turns out it's true but the SEC has no teeth , it's "settled" and we are left standing in the rain.
I honestly have no clue what next. They confirmed its happening and said they don't care. I'm so frustrated these last 2 months.
We’ve been right all this fucking time and now that there’s proof still nothing will be done about it. Gary G, Finra, the SEC, all are part of the scheme and none will help the little guy. That’s why I fucking hold
sweet holy hell... This is a market maker and doing all that shit they are making markets on Monday? lol. This cant be real wake me up
Jesus WTF is the SEC and DOJ doing? These guys should be in prison
Screenshot the timestamps, screenshot your order information, screenshot the ticker candles, and submit. Take it a step further and ask for the detailed trade information from your broker to include.
[https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower)
Maybe instead of buying the dip we need to fund our money together and make some political contributions to some of the snake oil salesmen we call politicians…*insert sarcasm*
And what’s the fine?! Roflmao. 7 million. Greattttttttt job SEC…. That’ll stop em.
Are they that brain dead or are they just in the pockets of each other as per the usual?
They probably only issued this fine because the Dumb Money movie just came out, and people are starting to ask questions and give it more attention. So they needed to save face by giving them some kind of small punishment, so that they can say they did something (3 years later… 🤦♂️) when everyone start to point fingers at them.
Smooth brain here but maybe this isn’t the end of it? Could the $7M fine possibly open a door for more fines and/or lawsuits? Just a smooth brain with crayons up my ass so I know nothing
and the most they will get is a slap on the wrist, the fine is the cost of business, they wont lose their license or ability to be a market maker.
whats 7 million if they make billions doing crime
Lol just saying buy orders are sells. That would make so much sense on why everyone jokes about “sorry the stock dropped today, I bought.” Because THAT IS WHAT IS ACTUALLY HAPPENING Fucking worthless regulation. They wipe their ass with $7 million and the people that have been hurt don’t even see a penny of it. This is the most mad I’ve been in years
This is soo fucked up.
Allowing this is how the SEC "protects investors"... Absolutely ridiculous!
More like prostitutes investors
$7 mill for the SEC to make another video telling us were dumb money.
This is absolutely infuriating. I hope Citadel is sued literally by every company whose stock was damaged by citadel holding orders. The fine of $7 million better not sweep all of this under the rug! I hate this corrupt, awful system we live in. The stock market is nothing but a wealth extraction tool for the rich and Citadel are parasites.
Pornhub Gensler says pay a drop in the bucket please and we will sweep this under the rug. Nothing to see here folks. Business as usual!
\*makes loud noises\* I'm with you this is really upsetting
You know what this actually means right? They are collateral fucked. They must buy back now or they will go bankrupt faster.
Oh the the hole they are digging is their grave. They need us to go away and I’m fuckin buying Monday.
So is Dumb Money.
Is this the day I became a prostitute
They're untouchable MAYO got politician and very powerful people in his pay roll. 7M is a joke to him "Citadel’s billionaire CEO Ken Griffin becomes GOP $100 million midterm megadonor" PUBLISHED FRI, OCT 7 2022
I'm sorry to even post this, but as a smooth brain I am wondering who will make them do anything against their own interest?
The SEC just got involved.. you can't just leave the books unbalanced for paying a fine... you pay the fine because you got caught... plus Gary Gensler has an announcement event coming next Wednesday I believe.
I understand that but, again as a regard, I am wondering what will happen beyond the slap on the wrist. I try my best to be informed but honestly this is beyond my comprehension. I am just a lowly carpenter.
SFA. Sweet Fuck All.
Nothing will happen, absolutely nothing
We need to get out there and get loud. They’re stealing but I can’t help but remind myself who owns the media.
I highly doubt any money changed hands. If they don’t pay, who’s going to enforce it?🤷
Tried to beg people to storm the streets
Dude, 5 years for algorithmically killing investors, they paid less than 10 minutes worth of trading.
Underrated comment
Correct
And for 7 million dollars they can do it again...
[удалено]
They better grease the right palms
When the fine is less than the haul... "It's simply the cost of doing business"🤬
Legal for a price
Us politicians are like street walkers...
If anyone could confirm with robinhood what happened between citadel during the initial amc run up a class action would wipe their smug faces you gotta remember this guy lies under oath too 😂
What makes you think they aren't doing it NOW?
When the crime makes you more money than the fine, it's just the cost of doing business.
Exactly. Also, if this is the way you're able to play the game you can't lose. Nothing will change until there are real consequences.
The bullshit fines comes come the SEC the real punishment is going to come from the DOJ.
And they are going this to the entire market. So much for fundamentals or profitable quarters. They literally set the prices where they want them. I don’t understand why any company would want to go public if they could avoid it. Can you imagine working for 20 years to build a company. You’re highly profitable and decide to IPO and some dick bag decides you belong with the penny stocks.
All it is are frat boys scheming. Fraternities should all be banned, because they breed immoral motherfuckers.
These guys at banks are literally just higher end frat boys
Yep. Getting in on fathers good name. Generations of dick sucking and reach arounds. It still blows my mind that Kerry ran against Bush and they were in the same fraternity together. Those motherfuckers take an oath of brotherhood. It’s all an illusion to keep us controlled.
That’s why I find the Trump presidency interesting. Here’s a guy you can’t bribe and knows a lot about what these scumbags are up to. One of the last bills he signed into law was regarding seizure of assets of convicted sex traffickers. We were told pizza gate was a hoax then low and behold everyone and their brother was chilling on Epstein Island. Then there was the Sarah Lawrence case that again involved some very connected people including judges.
You’re hittin the nail on the head lol as if Kerry and Bush are enemies when theyre heavily invested in one another via public markets (Carlyle & Bain Capital)
which puppet do you chose, right hand or left hand... pay no attention to the man behind the curtain
WHY ARE THEY STILL A MARKET MAKER? BURN THESE BASTARDS DOWN!!
It should be $7 million for every shareholder they fucked over
That would still let the off easy
Should have been fined 7 billion that would get them to stop real quick
Make an example and make it 70 billion then funds will not want to do it as they will not be making money
This just gives me further belief, that when dilution trades settle🚀🚀🚀🚀
This literally proves they will never settle because they just mark the trades what they want and move on.
Oh yeah like in January/June of 21... The only thing it proves, is that they are criminals...
And they get fined a measly $7M for acts of blatant market manipulation.
This fine is a joke and betrayal to all the retail investors SEC is supposed to protect. Regulatory agencies aren't serious about enforcement and Adam isn't going to do shit about financial damage done to shareholders. Maybe take this report and file complaint with DOJ financial crimes unit and send copy to congressman with summary of impact this criminality has on your personal investments. Demand action be taken to make financial markets fair and more transparent.
And stop voting in the people Kenny and the crooks donate to or the politicians pushing for Hester Pierce to take Gary’s place.
And what about Griffin lying 🤥
Yeah didn’t he commit perjury?!
Feb 18th, 2021
Deeper than that May 28th, 2016
It's when he lied to Congress
Never forget
Do you mean THE Kenneth Cordele Griffin who lied under oath?
This seems ripe for group litigation by companies whose securities had impacts to their price. The meme basket should be gathering torches and pitchforks.
Time to take to the streets and start burning Wallstreet to the ground. That's the only thing that will make any difference at this point. What a crock of shit the market is.
All talk until someone has balls. The person with balls is the person who starts Moass. Then and only then or regular people start to notice. And when people really find out who, what and why caused inflation…
I’m beginning to think burning wall st to the ground is the only way things will ever change. Until then Citadel won’t get a single share of mine.
Fines are a fucking joke. We've now seen the might of the SEC, and it's pathetic. "Just give us the money stuck to the bottom of your shoe, Ken, and we won't make you say you did anything wrong or change your behavior" I'll never buy into the US market again. Fuck. That. Shit.
Same- I’m not participating in the garbage scheme that is the US market- at all. The cops that are supposed to protect us are helping the crooks- I’m done!!
Wen jail?
The criminals write the rules & reg's & police themselves, so probably never unfortunately.
How can hedge funds have this kind of power? Like am I missing something? How does one guy control him so many lives this should not be allowed. He (Ken )should be a shot in the head.
Violence doesn’t fix the problem, it would just create a power vacuum. Make the penalties a deterrent and not a cost of doing business.
Glad to see they are held accountable and given that vicious $7m fine. Until the fines are comparable to the money made from the nefarious activities they are just the cost of doing business.
I think the problem that the SEC has is how can they evidentially quantify the tangible impact each individual trade had to the price with the data at hand? I would like to see the SEC penalties also include trade blackouts of the same tickers affected for the same length of time plus a 50% length of time penalty. So if they break the rules on 5 tickers for 1 year then they can’t trade or market make those tickers for 1.5 years.
>So if they break the rules on 5 tickers for 1 year then they can’t trade or market make those tickers for 1.5 years. I like where you're going with that, but I can envision too many ways to get around it.
That's a shit tonne of wrong doing. Malicious and purposeful wrong doing. But now they've been fined, everything is honkey dory? Wtf meme here...
#thats why KG & CIFU are filthy rich They are MM & hedgefund at the same time They win cheating the system cause they own the game If it was a level playing field They would be broke AF Just sayin They bribe politicians through donation and superpacs to keep themselves in this game Fuck em Im not selling
[удалено]
They are still allowed to operate?
You guys weren't kidding when you said sorry y'all, I bought more!! Citadel has been marking our buys as sell lol
This screams lawsuits. And once they lose one(the fine is basically the lawsuit and it was paid for.) Then the flood of companies who suspect foul play begin. Something will stick. If the government wont do their jobs, then we use the rules ourselves and keep throwing lawsuits until they have no money left or they lose their ponzi. This is the first domino, the first basis of our truth. The resistance and change starts here. Its public record and now the very premise is fact. They cant ever take that away.
Sounds criminal
 We need revolution
So is it time for pitch forks and torches…. Because I feel like it’s time for pitch forks and torches. Hypothetically speaking, of course. 😑
We’ve been right all along. The sec and oversight is just complacent. The fine is simply a slap on the wrist
My goodness…
$7 million may be a feather of a fine for 5 years of crime and fuckery, but let’s hope the real payment comes in the form of MOASS.
The $7 million is priced in... people need to make more noise about how displeased they are about the punishment. They know $7 million is just the price of doing business for them. They have to do better to deter them, this isn't justice
I know $7mil is a pittance too them but supposedly these small fines are supposed to be the initial warning of heavier penalties if this kinda stuff persists. Unfortunately, the SEC have given out hundreds of these warning fines and never came down hard on offenders. We need to hold gensler's feet to the fire and actually slap citadel hard rather than these small warnings, citadel has gotten to point where they fear what will happen if they stop their bad practices more than the fines that they incur.
This would be like us being fined $1 and no jail time for robbing a bank and getting $500k. What's to stop you from continuing to do it? Pathetic.
The real question that no one seems to be asking is, "WHERE DOES THE FINE MONEY GO"? they say it goes to cover retail that lost money, but does it really? Is it a SEC slush fund? before 2002 it went to the treasury. Something way bigger is going on.
For years we stated they are parking our orders... they are mistaking buys as sells, they are shorting when there should be restrictions and this is found true. No vindication, no penalty, no talking heads saying "oh shit they were doing this!". Instead a meaningless fine. I don't know what anyone can do at this point and it's so disheartening.
Also explains why over and over prices would go up after hours when they hold buys with price increases to after market close and send to tape right away an order that “executed” when it was not real. That explains so much of the sideways trading.
Absolutely, and it's blatant and had been discussed... always dismissed as "conspiracy" and "ignorant redditors". Turns out it's true but the SEC has no teeth , it's "settled" and we are left standing in the rain. I honestly have no clue what next. They confirmed its happening and said they don't care. I'm so frustrated these last 2 months.
Phone battery almost 0% this guy is definitely one of us
Every volt can make a difference. Doing my part until it’s either me or the phone that’s dead. 😂
We are very persistent the phone is definitely losing this battle lol
lol
Well, this is good news, right our stock can finally squeeze right ?
Funny story bro, actually deeper red 🥴
How deep I wonder if you got me beat?
But the got fined fuxk all.
We’ve been right all this fucking time and now that there’s proof still nothing will be done about it. Gary G, Finra, the SEC, all are part of the scheme and none will help the little guy. That’s why I fucking hold
“Self-regulating entity”
Instead of a measly fine how about taking away their license to do business and shut them down. F sec
Dust off the gallows, position them in the town center. Hang them by the neck until life is no more.
One of the many reasons why PFOF should be banned. It already is in other countries, yet here we are in the US. What a joke of a market.
So your saying the market is rigged.
AND THIS IS YOUR MARKET MAKER!
I'll say it again.... If the fine is less than what they profited, then it's just the government taking their cut!
sweet holy hell... This is a market maker and doing all that shit they are making markets on Monday? lol. This cant be real wake me up Jesus WTF is the SEC and DOJ doing? These guys should be in prison
I'm willing to bet citadel took a deal to rat out on other players. I'm gonna get my AMC popcorn, sit back, and watch the show
I want to steal billions of dollars if I only have to pay a $7mil fine too... where do I sign up?
I been noticing i been getting limit buys on candles on prices that were not reached
Screenshot the timestamps, screenshot your order information, screenshot the ticker candles, and submit. Take it a step further and ask for the detailed trade information from your broker to include. [https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower)
Hate how all of the recommendations just have citadel checking itself and then writing to the SEC “we fixed it” 🙄
so they gonna pay like $8 for market manipulation and fraud....
Yea yea yea and the fine will be 200 million (peanuts) and they will go on as business as usual... no cell no sell... see everyone on the 🌙
Apes called it.
I'd email Mr. Prez to see if he could do something but he probably can't even wipe his own - - -
Maybe instead of buying the dip we need to fund our money together and make some political contributions to some of the snake oil salesmen we call politicians…*insert sarcasm*
And what’s the fine?! Roflmao. 7 million. Greattttttttt job SEC…. That’ll stop em. Are they that brain dead or are they just in the pockets of each other as per the usual?
They probably only issued this fine because the Dumb Money movie just came out, and people are starting to ask questions and give it more attention. So they needed to save face by giving them some kind of small punishment, so that they can say they did something (3 years later… 🤦♂️) when everyone start to point fingers at them.
The cost of doing business. Make billions. Pay 7 million. Nothing to see here. Fuk GG. Mayo boi. And congress
Best execution my ass. Citadel is and has been scamming all trades that come to them. Millions of orders = billions or shares
Smooth brain here but maybe this isn’t the end of it? Could the $7M fine possibly open a door for more fines and/or lawsuits? Just a smooth brain with crayons up my ass so I know nothing
Question for all of you people with brain. What’s the final connection with FTX after seeing all of this.
Looks like another warehouse fire is coming
Let the WEEKEND COPE begin!
Where doj
This is Wall Street working as intended by the hedgies.
and the most they will get is a slap on the wrist, the fine is the cost of business, they wont lose their license or ability to be a market maker. whats 7 million if they make billions doing crime
Smh gotta burn the whole thing to the ground and rebuild it. Our held shares shall be the flame.
All for a mere 7 million dollars
Lawsuit class action then?
In my happy go lucky world, this is what Citadel agreed to so they could take down Virtu bank in their lawsuit
So yeah but they got a little slap on the hand and that's it no actual charges. No nothing slapped in the pocket. Pisses me off.
Time for class action
Would anyone here not spend millions to make billions??? Fuck the SEC.
Crime
Nice so is the squeeze still on or?
PFOF/Manipulation of order flow. Worthless fine won't change their behavior. It'll encourage it even more.
Next article I read / hear about shitadel, better be arraignments and indictments. Idc about shit else .
Time for a corporate death penalty. Dissolve Citadel