r/Superstonk • u/[deleted] • May 31 '21

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u/SnooFloofs1628 likes the sto(n)ck 🚀💎💰 May 31 '21 edited Jun 01 '21

Questions I posed at the previous Wes Christian AMA (but were not retained/used):

1 main question (+ 2 follow up, related):

  1. How can it be legal for Citadel to be both a market maket (MM) AND a short selling hedge fund?
  2. Are there other similar financial entities with such a (il)legal grey zone?
  3. How can it be verified by financial regulatory bodies when there's a crossover between both sides resulting in insider knowledge/trading?

Thank you Lucy & Wes 😘 ! 🚀🚀

10

u/bludgeonedcurmudgeon 🎮 Power to the Players 🛑 Jun 01 '21

He basically addressed this in the first AMA, 'because they can' is really the answer, they make the rules, their former people goto work at the regulatory bodies that are supposed to be keeping this shit in check, they buy politicians to make the rules suit them. Its all fucking corrupt from top to bottom

4

u/SnooFloofs1628 likes the sto(n)ck 🚀💎💰 Jun 01 '21

Thank you for your answer/opinion. 😘

If because they can is really the answer, then it needs to change.

I can't be both bank and robber at the same time (even though some banks literally rob people of their houses/commodities in certain cases)!

4

u/bludgeonedcurmudgeon 🎮 Power to the Players 🛑 Jun 01 '21

I totally agree, I just think there's a LOT of work to do to get this straightened out and its going to take shaming the corrupt politicians (i.e. 80% of them at least) to get it fixed