As of Thursday, January 28, 2021, we were all talking about the short squeeze in Gamestop (GME) as the Robinhood trading platform stopped its customers from buying shares. One can easily argue that Robinhood’s actions were justified in a chaotic market or that it was an engineered move to save certain well-connected hedge funds. What cannot be argued is that, given Citadel LLC’s deep connections to both Robinhood and the profoundly irresponsible hedge funds that were blowing out as GME’s price blew up, there is at minimum an appearance of conflict.

This pattern of insane risk-taking (with the consequences of…

Peter Harrigan

CEO and co-founder, Grey Swan Digital. Co-founder, Sentient Technologies. Former trader at CME, Pacific Exchange.

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