Citadel Securities

Citadel Securities is a financial services firm that provides liquidity and trading services across a broad range of financial markets. The firm leverages advanced technology and quantitative strategies to offer market making and execution solutions to institutional clients and counterparties.

CCI Score

-40.56

0.03% April 18

Latest Event

SEC fines Citadel Securities for Order Marking Violations

The SEC fined Citadel Securities $7 million over a five‐year period after a coding error led to mis‐marking short sale orders, a breach of Regulation SHO meant to ensure transparent trading practices.

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TOADIE

Citadel Securities is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

SEP

22

2023

SEC fines Citadel Securities for Order Marking Violations
-17.09

The SEC fined Citadel Securities $7 million over a five‐year period after a coding error led to mis‐marking short sale orders, a breach of Regulation SHO meant to ensure transparent trading practices.
-20

Business Practices and Ethical Responsibility

March 29

Citadel Securities incurred a fine due to a coding error that resulted in mis-marking orders, representing a lapse in upholding ethical business practices and compliance standards. Although the error was corrected and deemed de minimis by the firm, the prolonged period of inaccuracy raises concerns over the firm's internal controls and transparency, which are key to responsible market behavior.

SEC slaps Citadel with $7 million fine to settle short selling charges
SEP

22

2023

SEC Charges Citadel Securities for Order Marking Violations
-42.72

Citadel Securities was charged by the SEC for inaccurately marking millions of orders over a five‐year period, resulting in a $7 million penalty. The charges stemmed from a coding error in its automated trading system that led to the misreporting of short and long sale designations, raising significant concerns about the firm's business practices and ethical responsibility.
-50

Business Practices and Ethical Responsibility

March 29

The SEC's enforcement action against Citadel Securities for inaccurately marking trade orders highlights a serious lapse in ethical business practices. The coding error and subsequent misreporting not only compromised regulatory transparency but also undermined fair market operations, which are essential for safeguarding against authoritarian manipulations within financial markets.

SEC Charges Citadel Securities for Violating Order Marking Requirements of Short Sale Regulations
SEP

19

2023

Allegations of Harassment and Intimidation at Citadel Securities
-59.75

Former employees accused Citadel Securities of creating a hostile work environment through harassment and intimidation, contributing to their departures. The workers cited limited resources and low prioritization of their business initiatives, contrasting with the firm's public claims about its operational boundaries.
-70

Labor Relations and Human Rights Practices

March 29

The allegations of harassment and intimidation indicate a serious disregard for worker rights and demonstrate questionable labor practices. Such treatment of employees not only undermines ethical workplace standards but also feeds into broader authoritarian business behaviors by suppressing dissent and favoring top-down control.

Citadel Securities Alums Accuse Firm of Harassment and Intimidation
SEP

19

2023

Accusations of Intimidation by Former Employees
-42.68

Former Citadel Securities employees have alleged that the firm fostered an environment of intimidation by allocating limited resources and deprioritizing employee well‐being. These claims surfaced in the context of a trade secrets lawsuit involving former European executives, highlighting internal labor relations issues.
-50

Labor Relations and Human Rights Practices

March 29

The claims made by former employees point to a workplace where intimidation and inadequate support have compromised labor rights. Such practices undermine fair treatment and can be seen as aligning with authoritarian management tactics, warranting a negative score in the labor relations and human rights practices category.

Citadel Securities Alums Accuse Market Maker of Intimidation (1)