Stories like this feed into certain cult stocks, where users think the "hedgies" are conspiring to keep the stock down, while ignoring the hundreds of millions of new shares issued by the company, looking at you AMC.
Then the hedge fund issues a lame statement trying to excuse their illegal behavior, only feeding the conspiracy minded members of the cult of AMC and others.
A Citadel spokesperson told CNBC that the matter “had no impact on the quality of our client execution.”
“While updating our systems to accommodate certain client requests, we made a coding change that inadvertently affected a de minimis percentage of our order markings,” the spokesperson added. “We detected the issue and promptly fixed it more than three years ago.”
[link] [comments] https://www.reddit.com/r/stocks/comments/16pg11e/sec_slaps_citadel_securities_llc_with_7_million/
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