Faced with SEC Regulation, Citadel Hits Back

CNN Business reports that Citadel Securities, in response to the SEC’s recent investigation of them due to the GameStop stock bubble, has filed a request to overturn the SEC’s approval of D-Limit, a trading platform started by IEX Group. The request claims that the platform, which limits orders when its algorithms predict imminently changing prices, such as that seen in recent controversial trading activity on the Robinhood investment app, in fact harms investors by allowing prices to be changed in the meantime.

Trading platforms and brokerage firms often have to deal with regulatory challenges and can sometimes leverage regulatory investigations to the detriment of their competition. Individual brokers, on the other hand, have far fewer options when faced with a regulatory investigation.

If you received an investigation letter from FINRA, the SEC, or State regulators, or have been affected by issues surrounding such trading activity, call (866) 954-7687 or email info@warren.law for a free consultation with the securities attorneys at Warren Law Group.



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