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Texas Attorney taking ACTION AGAINST CITADEL & ROBINHOOD

Updated: Feb 3, 2021

In one of the first posts on this site we explored what happened with the controversy surrounding the r/wallstreetbets subreddit and how Robinhood was involved in an illegal attempt to manipulate the market - in order to protect these multinational hedge funds (such as Citadel) from losing millions - and in some cases, even billions of dollars .


There have been numerous reports from alleged insiders, that Robinhood reloaded shorts to some of these hedge funds before completley disabling the ability of retail investors to trade public GME stock, as well as the whitehouse allegedly pressuring Robinhood into "shutting down".


According to a report from Digifection, Texas Attorney General Ken Paxton sent out a Civil Investigative Demand (CID) to 13 business entities - the most notable including; Citadel and Robinhood. This was done regarding the "suspension of stock trading and investing".


Bare in mind that these trading platforms (such as Robinhood) discontinued allowing people to trade public stock. This was to protect billionaires from losing money. One reason many people believe that Robinhood was such a big player in all this, was because Citadel - which is an entity owning short positions against GME - has a vested interest in Robinhood. This event in its entirety exposed to the world how corrupt the whole system really is - on a bipartisan scale.


You may of also heard about the banning of WallStreetBets on Discord. This infuriated people on both sides of the political spectrum - soley because people realized that the redditors on WallStreetBets werent doing anything wrong or illegal. Well, due to this, Discord was among those mentioned in the CID, along with the following:

  • Robinhood Markets

  • Robinhood Securities

  • Interactive Brokers

  • TD Ameritrade

  • TD Bank

  • E-Trade

  • WeBull Financial

  • Public Holdings

  • M1 Holdings

  • Citadel Financial

  • Apex Clearing


In a quote from Attorney General Paxton;

“Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding it, particularly for their own benefit. This apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly unprecedented and wrong."

In addition, the Texas Attorney General also requested chat logs via the CID relating to the decisions made by the platforms (namely Discord) decision to limit, Control, or prevent access to the Discord r/WallStreetBets server.

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