The story of Citadel Securities

2002 –

Citadel Securities. Market maker founded in 2002 by Ken Griffin and partners; a separate firm from Citadel.

2002

Ken Griffin founded Citadel Securities. Co-founder.

Citadel Securities is a market maker; it and Citadel describe themselves as two separate firms.

13 Jan 2017

Citadel Securities settled with the U.S. Securities and Exchange Commission. $22.6M, censured, without admitting or denying the findings.

$5.2 million in disgorgement, more than $1.4 million in interest and a $16 million penalty. The SEC’s order finds that two trading algorithms, since discontinued, violated Section 17(a)(2) of the Securities Act from late 2007 through January 2010.

2019 – Mar 2021

Robinhood Markets routed customer orders to Citadel Securities.

Through its subsidiary Robinhood Securities. Citadel Securities paid Robinhood for these orders (payment for order flow): 34% of Robinhood’s total revenues in 2020 and 27% in the first quarter of 2021. The S-1 says such arrangements are not documented under binding contracts.

Citadel Securities, not the same as Citadel.

Citadel Securities, involved in the GameStop short squeeze.

Citadel Securities, stakeholders: Ken Griffin.

6 sourced connections, each with its evidence. Open the explorer to follow any of them further, filter by lens, or move through time.

Explore from here