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Texas AG Issues Demands to Robinhood, Citadel, After Allegedly ‘Rigging’ the Market

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Texas AG Issues Demands to Robinhood, Citadel, After Allegedly ‘Rigging’ the Market

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Texas Attorney General Ken Paxton on Friday announced his office will investigate trading platforms after they restricted access to purchases of certain stocks like GameSpot on Thursday. “Today I’m launching an investigation into [trading platform Robinhood] and hedge funds who rigged our free [market] for the benefit of Wall St elites,” Paxton, a Republican, wrote in a tweet. “The US econ should be transparent, open. This week’s coordinated corruption by a cabal of oligarchs shows it isn’t. I’ll help fix that.” The Epoch Times reached out to Robinhood for a comment. In the letter, Paxton issued demands to the chat app Discord, Citadel, TD Ameritrade, TD Bank, E-Trade, WeBull, M1 Holdings, and the Apex Clearing Corporation “regarding the prohibition of certain stock purchases” that required “higher-margin reserves for trading certain companies” on the stock market. “Wall Street corporations cannot limit public access to the free market, nor should they censor discussion …

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