Chatter #336 – Butcher of Wall Street: SEC Charges Citadel For Marking Shorts As Long

Marcel Kalinovic, the Butcher of Wall Street, is back on the show to discuss the SEC charging Citadel for marking shorts as longs and has fined them $7 million. We also talked about the AMC dividend, the border crisis in America, and the US election!

https://www.sec.gov/news/press-release/2023-192

“The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short, or short exempt.”

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