Gurley found a 2005 Citadel filing arguing payment for order flow should be illegal due to conflicts of interest.
“You know, it's interesting. I stumbled across a piece that Citadel had sent to the SEC in 2005, where they argued that it should be illegal because of inherent conflicts of interest.”
Gurley notes Citadel argued to the SEC in 2005 that payment for order flow should be illegal.
“I stumbled across a piece that Citadel had sent to the SEC in 2005, where they argued that it should be illegal because of inherent conflicts of interest.”