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(Bloomberg) – Citadel Securities said it first learned of Robinhood Markets Inc.’s trading restrictions on certain stocks during the January meme share frenzy via Twitter, refuting accusations the two companies had colluded.
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The market maker on Thursday launched a pair of tweets defending its stocks during the upheaval that sparked huge rallies in GameStop Corp. stocks. and others.
Citadel Securities and its founder Ken Griffin are under further scrutiny after individual investors filed a class action lawsuit last week alleging that the trading restrictions were enforced as part of a scheme to protect securities. market makers against losses.
Robinhood, Citadel Securities and other brokerage platforms and clearing houses have been named as defendants.
Citadel Securities followed up with a screenshot of what it said was a conversation with executives at Robinhood. The names have been redacted.
Citadel Securities tweets on Thursday follow others earlier in the week defending its actions.
See Also: Griffin and Robinhood Strike Back to New Outrage on GameStop
A Citadel spokesperson declined to comment beyond the tweets and Robinhood made no immediate comment.
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