This journalism is free — but it costs money to produce.
No ads. No corporate sponsors. 100% reader funded. Even $1 keeps us going.
Kenneth Griffin, founder of Citadel and Citadel Securities, donated approximately $100 million in the 2024 election cycle, according to reporting by ArtNews based on FEC filings — making him one of th...
In late January 2021, Melvin Capital — a major GameStop short seller — received a $2.75 billion investment from Citadel and Point72 as GameStop shares surged. Within days, Robinhood restricted purchas...
In September 2023, the SEC charged Citadel Securities with violating Regulation SHO — the framework designed to prevent abusive short selling — after a coding error in the firm's automated trading sys...
When the Justice Department indicted India's richest man in late 2024 for an alleged $250 million bribery conspiracy, prosecutors called it corruption 'at the expense of U.S. investors.' Now, after Ad...
From the moment it was required to begin reporting to the Consolidated Audit Trail in June 2020, Citadel Securities fell short — inaccurately or untimely reporting data for tens of billions of equity ...
From a secret algorithm that stole from retail investors, to a $100 million political donation that killed the one rule that could have stopped them, to four years of hiding tens of billions of transa...
In January 2017, the SEC found that Citadel Securities used two automated algorithms — FastFill and SmartProvide — that gave retail investors worse prices than Citadel itself had observed in the marke...
If regulators wanted to address Citadel's structural conflicts, they could. Mandatory separation of hedge fund and market maker. Meaningful fines proportional to violations. Transparency requirements....
Kenneth Griffin founded Citadel with $4 million and built it into a $60 billion empire. But the operational architect of the dual model is Kevin Nutter, COO of Data. His decisions about data architect...
Citadel Securities was fined $7 million in 2023 for mismarking trades that lasted five years. In 2024, FINRA fined them $1 million for failing to report $42.2 billion in transactions. The fines repres...
A hedge fund wants to buy a million shares. Its market-making subsidiary sees that thousands of retail investors want to buy the same stock. The hedge fund benefits from knowing retail demand exists. ...
When a federal judge in Rhode Island ordered the release of a detained immigrant, she had no idea the man had an international murder warrant — because the government's own attorney had been instructe...
Kenneth Griffin's Citadel operates two businesses that should conflict fundamentally with each other. A hedge fund that makes concentrated bets on markets. A market maker executing 25-30% of US equity...
In late April 2026, federal prosecutors indicted David M. Morens, a 78-year-old former senior advisor at the National Institute of Allergy and Infectious Diseases, on charges of conspiring to conceal ...
A federal indictment unsealed in January 2026 reveals that Anthony Herbert, the former Citywide Public Housing Liaison for Mayor Eric Adams, ran a bribery and kickback operation out of City Hall—tradi...
A sitting mayor, a no-show job, a $95,000-a-year phantom salary for her romantic partner, millions in illegal campaign funding, city contracts handed to the highest bidder, and a key witness whose hom...
In a stunning new development in the federal civil rights lawsuit against Arnold & Smith Law, PLLC and its principals Todd Arnold and Dennis Smith, attorney Echo Lin Love filed a notice of appearance ...
Maria Delgado earned a 120,000 dollar salary after graduating from Northwestern Law School, and was still drowning in nearly 200,000 dollars of debt. She was, by any measure, succeeding—and she was be...
Ed Martin, the President's pardon attorney, sits in the D.C. bar's waiting room facing ethics charges. Pam Bondi, the Attorney General who dismissed him after his charges were filed, proposes a federa...
Joshua Schwartz made a mistake: he used ChatGPT to research a legal motion. The tool hallucinated case citations. A federal court didn't see an error—it saw an opportunity. The legal profession respon...
Christopher Kane alleged that the Mount Pleasant Central School District retaliated against him in violation of New York's Human Rights Law. Before any court could evaluate the merits, Westchester Cou...
In October 2023, Westchester County Supreme Court Justice Robert S. Ondrovic ordered a divorcing wife to pay $45,000 in interim counsel fees to her husband — without the evidentiary foundation New Yor...
Sarah Chen opens an acceptance letter to law school on a Tuesday morning in March 2026, hopeful and unaware. What she doesn't know: she's entering a profession in crisis. Recent ABA data shows the num...
Michael Torres sits in law school surrounded by case books, his parents' house being seized by the bank to pay his tuition. He's doing everything right. He'll still be paying off law school debt well ...
In January 2024, Judge David Rodriguez made inappropriate comments suggesting that a sexual harassment victim had invited her own harassment. No investigation. No discipline. This is not exceptional. ...
Jennifer Voss built an AI platform to help people navigate legal document preparation affordably. The Illinois Bar Association shut it down. Two thousand people lost access to a competent service. The...
Sarah Chen stared at her law school diploma in the morning light of her apartment in Somerville, framed in oak and gilt letters proclaiming the word "Juris Doctor." She was three months out of law sch...
O n a Tuesday afternoon in March 2019, Brandon Mitchell sat in a Houston courtroom and watched a prosecutor stand before the jury and claim that there was no ev...
Bar associations and courts are weaponizing ethics rules and unauthorized practice of law statutes to protect lawyer income, wrapping professional gatekeeping in the guise of consumer protection while...
Law schools are systematically overcharging students for a credential that has become increasingly devalued. In the age of AI, the law school pipeline is collapsing—yet institutions continue to charge...