Central figures in the GameStop stock market saga are set to testify before Congress next week, including the CEOs of Robinhood, Citadel, Melvin … Robinhood, Citadel and Melvin all have starring roles in the saga. Robinhood, Reddit and GameStop have grabbed the attention of Congress and federal regulators over the last month. Chicago billionaire Ken Griffin is playing an unwanted and unexpected role in the Wall Street saga involving trading app Robinhood and heavily shorted stocks such as GameStop. JUST IN - Texas AG Paxton issues investigative demands to Discord, Robinhood, Interactive Brokers, TD Ameritrade, Citadel Financial, and others that suspended stock trading and investing.“Wall Street corporations cannot limit public access to the free market." Meanwhile, another hedge fund, Melvin Capital, was one of the funds caught in the GameStop short squeeze. Citadel and Robinhood CEOs will call for new stock trading rule at GameStop hearing. Courtenay Brown. The Verge meanwhile noted one hedge fund suffering amid the GameStop surge was Melvin Capital Management, which another hedge fund, Citadel, has since bailed out. The latest: The CEOs of Reddit, Citadel, Robinhood, Melvin Capital and the Reddit user who helped set off the GameStop stock frenzy testified before the House Financial Services Committee. So Citadel is a hedge fund whose Market Making arm is handling the majority of Robinhood orders. The Truth Behind GameStop, Robinhood Reddit, WallStreetBets, Melvin Capital,Yellen SagaIn early January, GameStop was trading around $18. Here's what to expect from Thursday's GameStop hearing with Robinhood, Citadel and Reddit CEOs Maggie Fitzgerald 2/18/2021 These pastors use science and scripture to combat vaccine hesitancy One of the more salient moments came during questions over whether Robinhood had the cash on hand to meet its capital requirements when trading on GameStop reached a … Robinhood offers zero-commission trades and was one of the very first platforms to do so, but in the process, the firm ran its order flow through HFT firms like Citadel. Citadel is also Robinhood's biggest customer. Robinhood has framed the decision as a way to "help our customers navigate this uncertainty" in its blog post. Robinhood is where most retail investors made their bullish wagers on GameStop, before the brokerage outraged them last week by restricting its customers from buying new shares in the video-game retailer. But in the is-this-for-real story of GameStop and Robinhood, Citadel, the financial empire run by billionaire Kenneth Griffin, has become a subject of fascination, speculation and, in some corners of the internet, grassy-knoll conspiracy theories. Citadel's founder is Ken Griffin, who also founded Citadel Securities, a firm that partners with Robinhood to … Robinhood should consider changing its name to the Sheriff of Nottingham. Robinhood, Citadel CEOs Grilled by Lawmakers in Wake of GameStop Saga House panel presses executives, investors about recent options-trading drama published : 20 Feb 2021 at 04:00 Finance & Tax ‘The casino tends to win’: Democrats rip Robinhood, Citadel CEOs over GameStop. Robinhood ignited a firestorm last month when the free trading app suspended purchases of GameStop, AMC and other stocks that were sent to the moon by an army of traders on Reddit. Photo: Noam Galai / Getty Images. The CEOs of Robinhood, Citadel, and Reddit testified before congress today as part of a review of last month’s GameStop short squeeze—a massive, retail-driven spike in the price of GameStop stock—and the tone was harsh. The hearing before the House Financial Services Committee underscored how the GameStop … Co-founder and CEO of Robinhood Vladimir Tenev. Watch live Robinhood, Citadel and Reddit CEOs testify to the House on the GameStop mania Published Thu, Feb 18 2021 11:38 AM EST Updated Thu, Feb 18 2021 12:08 PM EST Maggie Fitzgerald @mkmfitzgerald Citadel LLC notably attempted to bail out Melvin Capitol with a $2.75 billion investment after its GameStop short cost the latter billions of dollars, according to The Wall Street Journal. Robinhood, Citadel, Melvin Capital, and Point72. Newly-confirmed Treasury Secretary Janet Yellen received around $810,000 in speaking fees from the hedge fund that bailed out one of the primary losers in the recent Gamestop frenzy. No one in a position of authority has officially accused Citadel of wrongdoing. Much of the testimony has centered around what actually happened, and why Robinhood ended up restricting certain stocks on its brokerage platform. CEOs of Robinhood, Reddit, and Citadel testified before the U.S. House Committee on Financial Services, in a virtual hearing on Feb. 18, 2021. "Citadel is an investor in Melvin Capital, which shorted GME and got flattened by redditors. Shares of GameStop have fared well since the committee grilled Robinhood co-CEO Vlad Tenev; Ken Griffin, founder of the hedge fund Citadel and market maker Citadel Securities; and GameStop … Topline. Robinhood Markets and Citadel, central players in the GameStop saga that riveted markets last month, plan to deliver a unified message to US lawmakers Thursday: conspiracies swirling in Washington that they worked together to harm retail investors are categorically false. 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