Citadel Securities denies involvement in 'meme stock' trading restrictions

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(Reuters) - Citadel Securities did not ask Robinhood or any other firm to restrict or limit trading on GameStop and other so-called "meme stocks" at the height of the retail-driven trading frenzy in January, the market-maker said on Tuesday.
Robinhood and several other brokers restricted trading in GameStop's shares on Jan. 28 following a stunning two-week rally driven by retail traders that sparked a "short squeeze", leading to billions of dollars in losses for Wall Street hedge funds.
"Citadel Securities never requested, intimated, agreed or otherwise sought to limit or to restrict the trading of such securities," Citadel Securities said in a statement to Reuters on Tuesday.
The trading halt frustrated retail investors, capped the losses for hedge funds and drew the scrutiny of lawmakers and regulators. At a U.S. congressional hearing in February, Citadel LLC CEO Ken Griffin, who also founded Citadel ...


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