tom-at-foundation on Nostr: This is a “fake shock” moment… exactly what screwed over the #gamestop traders. ...

This is a “fake shock” moment… exactly what screwed over the #gamestop traders. A “coding error” caused 5 years of crime in mislabeling short sales as long (also known as market manipulation). $7 million USD fine = slap on the wrist. #sec #stockmarket #finstr #shortselling #stocks #crime #news

SEC Charges Citadel Securities for Violating Order Marking Requirements of Short Sale Regulations

https://www.sec.gov/news/press-release/2023-192?utm_medium=email&utm_source=govdelivery