Sep. 22, 2023
Dear Ms. Countryman, I couldn't help but notice today's (Sept. 22, 2023) press release by the SEC that the 'SEC charges Citadel for violating short sale rule' to the amount of $7 million due to a 'software error' that would incorrectly mark short sales of securities as long sales. Interesting. Has it ever come to your mind that an organization as large and mighty as Citadel does not simply make software errors? They have whole departments and quality assurance teams to make sure that their software is top notch and tested twice and three times before going live. Ms. Countryman, have you ever considered systematic fraud being undertaken by financial organizations such as Citadel? A $7 million fine to a criminal financial organization such as CItadel is like someone stealing $100 worth of something and paying a 5 cent fine. I do hope that your organization will be shattered into a thousand pieces very soon, but at the latest in 2025 and replaced by a regulator that is worth its name. Sincerely, Cory Lemke