Citadel Securities addresses #CitadelScandal with a screenshot of the conversation with Robinhood


This company tweets more than Elon Musk these days. Another day another hashtag and another denial of wrongdoing from the market maker.

Citadel Securities took to Twitter for the third time this week in an attempt to put out the raging fire on social media. Tripling in their efforts to portray meme stock investors as conspiracy theorists, the company tweeted what it believes was proof it was unaware of Robinhood’s plans to keep retail investors out of buying. actions like GameStop and AMC.


Here is a transcript of the latest tweets from Citadel Securities:

  • The plaintiffs’ lawyers hid the facts from the court and the public, prompting conspiracy theorists to produce baseless theories. (connect)
  • We first learned about Robinhood’s trading restrictions through Twitter posts, as evidenced by real-time communications. (connect)
  • Our main interviewer Robinhood must have asked Robinhood if the Twitter posts about the trade restrictions were “fact or fiction?” “(connect)
Citadel Securities tweeted this screenshot of a conversation with Robinhood that took place on January 28, 2021.
Citadel Securities tweeted this screenshot of a conversation with Robinhood that took place on January 28, 2021.

Here’s a transcript of the screenshot image Citadel Securities tweeted from a conversation on January 28, 2021 between the company 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) Saw a tweet that you only match GME and AMC?
  • 2021-01-28 08:39:32 AM EST (Citadel Securities L) Fact or fiction?
  • 2021-01-28 08:42:48 AM EST (Robinhood Securities) Hello – that’s right, I was just going to let you know. AMC, GME, NOK, BB, NAKD, KOSS, EXPR, BBBY all PCO
  • 2021-01-28 08:43:01 AM EST (Citadel Securities L) These all move towards closing only?
  • 2021-01-28 08:43:10 AM EST (Robinhood Securities) Currently yes
  • 2021-01-28 08:43:13 AM EST (Citadel Securities L) Stocks? Options? Can you send me the official notice
  • 2021-01-28 08:43:25 AM EST (Robinhood Securities) Just equity for now

The company just can’t stop tweeting. This recent thread was also posted. It focuses entirely on the $ 3 billion margin call that Robinhood received. Here is a transcript:

  • It is clear that Robinhood has restricted trading in response to a $ 3 billion margin call from NSCC. Numerous contemporary documents, declarations and communications confirm this. (connect)
  • Here is the 5:11 a.m.ET email on January 28 alerting Robinhood of the $ 3 billion margin call. (connect)
Citadel Securities posted a screenshot of a margin call notice sent to Robinhood via email.
Citadel Securities posted a screenshot of a margin call notice sent to Robinhood via email.
  • The Robinhood CEO has sworn that the $ 3 billion margin call “exceeds the amount of Robinhood Securities’ net equity” and this has led him to impose trading restrictions. (connect)
Citadel Securities also tweeted a screenshot detailing the timeline of Robinhood's margin calls.
Citadel Securities also tweeted a screenshot detailing the timeline of Robinhood’s margin calls.
  • Robinhood’s president and chief operating officer submitted an affidavit in federal court that the trade restrictions were “a way to mitigate the sudden increase in NSCC filing requirements.” (connect)
Citadel posted a screenshot of the testimony of Robinhood President and COO on the margin call.
Citadel posted a screenshot of the testimony of Robinhood’s president and COO on the margin call.
  • DTCC, the parent company of NSCC, corroborated Robinhood’s statements regarding the margin call in a letter to Representative McHenry. (connect)
Citadel also tweeted another screenshot detailing the timeline of Robinhood's margin call.
Citadel also tweeted another screenshot detailing the timeline of Robinhood’s margin call.
  • Many other retail brokerage firms have also placed restrictions on trading certain memes due to capital constraints, liquidity issues, and other business reasons. (connect)
  • During this volatile time, Citadel Securities was the ONLY major market maker that executed buy and sell orders for individual investors without limitations. (connect)
    • This tweet contained a link to a Wall Street Journal article that was also published in January 2021.

Citadel Securities has of course become quite active on Twitter after almost eight months without any social media activity. The company continues to dance around questions posed by investors and is apparently trying to push goals away from the topic of when Citadel was aware of Robinhood’s plans regarding Robinhood’s own margin call issue. Over the past week, meme equity investors were able to get #KenGriffinLied and #CitadelScandal trending on Twitter, as outrage continues to grow against the market maker and Robinhood’s treatment of customers. Insulting is a pretty weak tactic, but it is comparable to that of those elitist Wall Street professionals like the CEO and founder of Citadel Securities, Ken Griffin.

As a market maker in the stock market, Citadel Securities has already been fined for trading ahead of its clients just a few years ago, so it’s not that big of a deal to believe that this company is taking action. maybe not in the best interest. small individual investors. At the heart of what happened in late January 2021 is the fact that brokers and market makers worked together to prevent the buying of shares. Citadel has repeatedly stated that they proudly executed trades for 7.4 billion shares on January 27, 2021, but they conveniently omitted key information from that statement. What shares were traded? Who were the counterparts? What percentage of trades were made to help the shorts cover?

It’s pretty clear to the little guy, the retail investor, that Wall Street has no back, but what happened in January will have lasting negative effects on market confidence. Citadel Securities is clearly trying to limit the damage for whatever reason, but aside from hand-picked information dumps and name-calling, what exactly have they said to stop the onslaught of equity investor tweets even in anger?

Keep it locked on Shacknews for all the latest information regarding the ongoing GameStop short squeeze and drip of statements from associated market players like Citadel Securities and Robinhood.

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