And the SEC allows it and it’s called Socialism for the rich in Dark Pools which benefits a billionaire corporation such as Citadel.
Perhaps they eventually might decide to appease retail traders by slapping Citadel with a fine down the line after retail traders see big losses first.
After the small imposed fine it will be business as usual again for Citadel. I don’t expect anything to change afterwards with regard to the Billionaires Boy Club because trading in the markets has become socialism for the rich not capitalist equality for all parties, especially retail traders.
Expect mainstream media such as CNBC, Bloomberg or Fox Business News,
Members of Congress and even the SEC to continue running campaigns saying that $AMC and other retail targeted short squeeze plays are going to ruin the markets as retail continues to cut into the profits of their billionaire pals.
These creatures will continue to put the blame from market volatility short squeezes on small retail traders (inciting over and over again Robinhood and Reddit small time traders as the culprits again as they have been doing with $GME) instead of crooked naked shorting or deceitful dark pool trading.
Mainstream media will never ever put the blame on their Billionaire pals such as hedge funds, Big Banks, Market makers or untraceable dark pool practices for market volatility.
As a matter of fact have you ever heard mainstream media even talk about dark pool trading.
One thing is guaranteed for sure mainstream media will never blame or see any wrong in powerful Citadel which seems to be clearly backed by the SEC.
All in my opinion
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