Antitrust Antitrust

Citadel Securities talked with Robinhood before trading restrictions on 'meme' stocks, plaintiffs say in antitrust lawsuit

Citadel Securities executives communicated with Robinhood executives shortly before Robinhood moved to restrict trading in certain "meme" stocks on its platform, suggesting an anticompetitive conspiracy to stop a retail investor-driven short squeeze, according to plaintiffs suing the companies.
In a partially unredacted consolidated complaint filed today in Florida federal court,

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Michael Acton

Senior Correspondent


Michael is a senior correspondent for MLex in San Francisco, where he moved in 2020 after working in our Brussels bureau. Before joining MLex, he reported on EU politics as the Financial Times’ Nico Colchester Fellow in Brussels. Michael has a degree in International Relations and Politics from the University of Cambridge, and a degree in History and French from University College London and Paris IV Sorbonne.

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