The billionaire’s business empire includes both a huge hedge fund that had bet against GameStop and a giant market maker that executes trades for Robinhood and others. How is letting firms like Citadel Securities pay to execute retail customers’ orders good for mainstream investors? His hedge fund, and its big bet against GameStop, was a primary target of scorn by Reddit traders who sought to squeeze him out. Should investors expect episodes like the GameStop frenzy to become a regular feature of markets? With your “financial wellness” hat on, what would have been the message you gave clients about investing in GameStop?

Source: New York Times February 18, 2021 12:33 UTC