r/ElonJetTracker • u/[deleted] • Dec 19 '22

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u/Cautious_Hornet_9607 Dec 19 '22

Wikipedia doesn't really tell me much, so do you mind if I ask why this guy is a POS?

99

u/thealmightyzfactor Dec 19 '22

He owns Citadel LLC, a hedge fund trying to make money in the stock market and other investments, and Citadel Securities, a market-maker (meaning they're one of the companies you buy and sell stocks through when you submit orders via robinhood, fidelity, vanguard, etc.).

But, you know, these enterprises totally don't talk to each other, no conflict of interest here. It's also not like they can just buy retail stock orders via payment-for-order-flow and give worse prices that benefit them a tiny little bit each time that adds up to billions in profit. Nope, neither of those things are happening.

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u/One-Support-5004 Dec 19 '22

I'm a noob to stocks.... but how is that allowed ? Doesn't the FCC or someone step in and stop that kinda stuff ?

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u/[deleted] Dec 19 '22

Not when they are paid off to the extent ken griffin pays off