Citadel Securities
Appears in 3 conspiracy theories
Mixed
Dark Pools / High-Frequency Trading Rigging
Michael Lewis's 'Flash Boys' documented how high-frequency traders use speed advantages and dark pools to front-run retail orders, effectively skimming billions from ordinary investors.
2005 · United States · Michael Lewis, Brad Katsuyama, Citadel Securities
Mixed
Naked Short Selling / Phantom Share Conspiracy
The theory that hedge funds use illegal naked short selling to create phantom shares and destroy companies, with regulators complicit. Explore the confirmed abuses and unproven claims.
2000 · United States · Patrick Byrne (Overstock CEO), SEC, Citadel Securities
Mixed
Payment for Order Flow / Retail Investor Exploitation
How payment for order flow lets market makers like Citadel Securities profit from retail investors' trades. The Madoff origins, Robinhood model, GameStop fallout, and the debate over market fairness.
1990 · United States · Bernie Madoff, Citadel Securities, Ken Griffin