New Research Proposal by Strategic Studies & Proposals Highlights Potential Market Misconduct, Urges Congressional Oversight
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A new research study by Strategic Studies & Proposals titled "Market Misconduct: Why Ken Griffin’s Activities Demand Congressional Action," supported by a petition signed by over 17,000 retail investors, calls for urgent examination by Congress and regulatory bodies into alleged unfair practices by Citadel Securities.
The report details multiple suspected violations of securities laws by Ken Griffin's firm and advocates for stronger regulatory interventions, including the potential suspension of Citadel’s trading privileges due to repeated offenses.
"Our research underscores the systemic issues within current market practices and the necessity for legal and legislative action," said Bubbie Gunter, lead researcher at Strategic Studies & Proposals. "Anyone who reads this report would have to side with retail investors or stand on the wrong side of history in this battle."
The proposal has been presented to influential figures in both the House and Senate, as well as the Florida Attorney General, advocating for bipartisan support to revamp market regulations. Key findings of the proposal include:
The illusion of "Best Execution" purportedly serving retail investors while primarily benefiting market makers.- An in-depth examination of Payment for Order Flow (PFOF) practices that suggest inherent conflicts of interest and detrimental impacts on retail investors.
- Documentation of repeated infractions by Citadel Securities, highlighting significant discrepancies such as $65.7 billion in undelivered shares in 2021.
Strategic Studies & Proposals remains dedicated to uncovering and addressing critical issues within the financial markets through meticulous research and policy advocacy. This recent initiative is part of their broader commitment to fostering transparency and fairness within the financial landscape.
Contact Info:
Name: Bubbie Gunter
Email: Send Email
Organization: Strategic Studies & Proposals
Phone: (225) 364 5061
Website: https://www.youtube.com/watch?v=6ZRBFIgBhPY&list=PLbijZ7Dob9wftMy6tJRUrt7EwWNihiUPC&index=7&t=107s
Release ID: 89131642
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