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For what it's worth (lemmy.whynotdrs.org)

submitted 1 year ago by TheKudzu@lemmy.whynotdrs.org to c/gmerica@lemmy.whynotdrs.org

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[–] Chives@lemmy.whynotdrs.org 6 points 1 year ago

https://www.sec.gov/news/press-release/2023-192

"The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short, or short exempt."

"To settle the SEC’s charges, Miami-based Citadel Securities agreed to pay a $7 million penalty."

I wonder how much money they earned through these mistakes?

[–] TheKudzu@lemmy.whynotdrs.org 5 points 1 year ago (2 children)

7 million I hear. Unconfirmed

[–] sw33tn0th1ng@lemmy.whynotdrs.org 3 points 1 year ago

Earned is the wrong word. The word is stolen. More like 7 million stolen by citadel for each penny of the seven million penalty applied.

[–] MozooZ@lemmy.whynotdrs.org 1 points 1 year ago* (last edited 1 year ago)

It's an insult. The SEC may as well be calling my mother is fucking piece of shit, uneducated cunt-bag. Of which she is not on any of those accounts. Disgusting. Truly the mark of a corrupted, impotent, disgraceful, shameful agency which will go down in history as a poor excuse for "civilized structure and regulation." Repulsive. Truly gross. Truly gross.