Robinhood, Citadel Fight Conspiracies Ahead of GameStop Grilling

Robinhood Markets and Citadel, central players in the GameStop Corp. saga that riveted markets last month, plan to deliver a unified message to U.S. lawmakers Thursday: conspiracies swirling in Washington that they worked together to harm retail investors are categorically false.

Robinhood Chief Executive Officer Vlad Tenev, whose firm has faced a barrage of questions into whether hedge funds such as Citadel ordered it to prevent customers from adding to their GameStop bets, called such claims “market-distorting rhetoric.” Robinhood halted trades due to demands from its clearinghouse that it post more capital to deal with increased risk, he said ...