Citadel files for a exemption from following the rules of the Investment Company Act of 1940 & somehow every year it's instantly granted
They are exempt from all rules except for SEC. 9, and SEC 36-53. Interesting that SEC 34 covers destruction & falsification of documents
Why would the SEC think "that granting the requested exemption is appropriate in the public interest and consistent with the protection of investors."
An exemption that allows Citadel to "willfully destroy, mutilate, alter..." or " omit to state therein any fact necessary in order to prevent the statements made therein ... from being materially misleading."
In other words Citadel is allowed to destroy incriminating documents, alter them, lie outright in their filings, even if it's misleading to investors???
And this is just two paragraphs of the '40 Act, which is a 117 page document which according to the Wikipedia article acts as one of three documents that define financial regulation in the US
#CitadelScandal #KenGriffin
$AMC $APE $GME $BBBY $BBIG $DWAC $HYMC $GNS #AMC #APE #GME #GameStop #SEC #FINRA #DTCC #FinraFraud AMC GME