Jan 13- Citadel Securities, the market-making arm of billionaire hedge-fund manager Ken Griffin, has agreed to pay $22.6 million to settle charges that it misled customers about the way it priced trades, the U.S. Securities and Exchange Commission said on Friday. "This affected millions of retail orders," said Stephanie Avakian, the acting director of...
The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trades on customers' behalf that often gave investors a worse price for their trades, even when Citadel knew better prices existed elsewhere. The SEC penalized Citadel for failing to disclose the use of those algorithms to clients. "This affected millions of retail orders,"...
NEW YORK, Jan 12 (Reuters- Citadel LLC has agreed to settle accusations by the U.S. Securities and Exchange Commission that its market-making arm misled customers about the routing of their stock orders, people familiar with the case told Reuters this week. Terms of the settlement, including the specifics of the SEC's allegations and the amount of any fine, were...
CNBC's Steve Liesman reports on comments made over the weekend by billionaire hedge fund manager Ken Griffin about tax cuts and Federal Reserve policy.
BOSTON, Dec 20- Investment firm Citadel LLC said on Tuesday that its chief legal officer, Adam Cooper, plans to retire in 2017 and that Shawn Fagan has been promoted to general counsel for its hedge fund business. Cooper, 54, worked at Citadel for 18 years and plans to spend more time on philanthropic pursuits and with his family after he leaves the firm at the end of...
Goldman Sachs trader and bank chief executive, Steven Mnuchin has long been a member of the financial elite, the NYT reports.
GOP megadonors like Ken Griffin, Paul Singer, Sheldon Adelson and Peter Thiel appear to be abandoning the 2016 presidential race.
A blue-ribbon panel is proposing a bevy of reforms that it hopes will restore confidence in the stock market.
Hedge funds increasingly struggle with finding the right talent. Here's a tale of recruiting and its challenges.
Wall Street's top dogs partied the night away at the 2016 Robin Hood benefit Monday night in New York City, and raised money for a worthy cause.
Consider 2015 to be the year the hedge-fund industry completed the crossover to the digital age.
The biggest hedge fund managers have more money and more sway than ever before, and they are wielding greater political influence.
Erin Callan Montella emerges from the shadows with tales of personal crises and Lehman Brothers' failure.
CNBC's Michael Santoli explains why the tough times for hedge funds are setting up opportunities to buy the securities left behind in their retreat.
Marco Rubio's biggest challenge in this presidential race may be to avoid biting the hands that feed him.
Griffin deliberated for months over which candidate to support, giving $100,000 to PACs supporting Marco Rubio and Jeb Bush.
Just minutes before they were due back in court, billionaire hedge fund manager Ken Griffin and his ex-wife reached a divorce agreement.
Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.
Seven years removed from a near-death experience during the financial crisis, Ken Griffin's Citadel is more powerful than ever.
The Citadel founder is on a roll: performance is excellent, assets are soaring, the firm just hired Ben Bernanke, and Griffin made $1.3B last year. So who is he...and how did he rise to power?