Why assume flat profits yoy? :) no more than 200 seconds, surely
Let's rephrase this shall we? "Citadel Securities fined 300 seconds of profit for reporting violations after 760 second fine in 2020"pic.twitter.com/dpiYYWJzxB
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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I'm curious. You seem to imply the fine should be higher. What would you suggest the fine be for reporting Treasury transactions to Trace that Citadel was not required to report? https://www.finra.org/sites/default/files/fda_documents/2019061038301%20Citadel%20Securities%20LLC%20CRD%20116797%20AWC%20jlg.pdf …
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I have no idea how the fine figures are calculated, I'm just pointing out how small these are relative to Citadel's overall business. If regulators didn't want them to break the rules they should do something more punitive than make them cough up a few seconds of profit.
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