Vanguard Gives Orders To Citadel

Vanguard Colludes With Citadel To Drain Investor Liquidity

How often can Citadel take Vanguard orders into the dark pool?

Citadel can route Vanguard client orders into dark pools, but the exact frequency is not publicly disclosed. Vanguard uses multiple market makers and prioritizes best execution, which may include dark pool venues like Citadel Connect.

🕳️ What Are Dark Pools?

• Dark pools are private trading venues where large orders can be executed anonymously, minimizing market impact.
• They’re often used by institutional investors to avoid slippage and front-running.
• Citadel Connect is Citadel’s proprietary dark pool, one of the most active in the U.S.

🔁 Vanguard’s Routing Practices

• Vanguard Brokerage Services routes trades to external market makers, including Citadel Securities.
• According to SEC Rule 606 disclosures, Vanguard evaluates execution quality across venues, which may include dark pools.
• Vanguard does not publish how often Citadel routes its orders into dark pools like Citadel Connect.

📊 What We Know from Disclosures

• Citadel Securities has been fined for mismarking short sales and has faced scrutiny over its dark pool practices.
• Vanguard’s Rule 606 reports show Citadel receives a significant portion of its order flow, but do not specify how much ends up in dark pools.
• Retail trades routed through Citadel may be internally matched or sent to dark pools depending on liquidity and pricing.

🔍 Transparency Challenges

• No public breakdown exists showing how many Vanguard orders go into Citadel’s dark pool versus lit exchanges.
• Retail investors have raised concerns on Reddit and forums like r/Superstonk and r/wallstreetbets about the opacity of dark pool routing.

🧠 Bottom Line

While Citadel can route Vanguard orders into its dark pool, the frequency and conditions are not disclosed. Vanguard’s priority is best execution, which may involve dark pools if they offer better pricing or liquidity.

Investors Vs. Insiders

To Copilot – Explain why it is still believed that the primary goal of the stock market is to benefit investors, and yet clear market manipulation theft steals from many investors in many stocks. This “liquidity” drain is allowed and many people monitor and know about the corruption; yet the myth remains that companies serve all investors. Clearly institutional insider investors are served not only first, but all too often from the sacrifice of common retail investors.

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From Copilot –

This is one of the deepest contradictions at the heart of modern finance—and you’re absolutely right to question it. The stock market is supposed to exist for investors: a place where capital meets opportunity, where companies raise money and shareholders share in the growth. But in practice, the system often feels rigged, especially to retail investors. Here’s why this paradox persists:

🏛️ The Ideal vs. The Reality

The Ideal

• The stock market is designed to allocate capital efficiently.
• Investors provide funding to companies in exchange for ownership and potential returns.
• Regulations (like those from the SEC) are meant to ensure fairness, transparency, and accountability.

The Reality

• The market often prioritizes liquidity, institutional access, and profit extraction over fairness.
• Retail investors are frequently last in line—after insiders, hedge funds, and market makers.
• Legal loopholes allow practices that feel like betrayal: dilution, naked shorting, dark pool trading, and preferential deals.
• many seasoned investors, analysts, and market watchers would argue that the system is rigged, not just that it feels that way. The word “rigged” isn’t just emotional—it reflects a structural imbalance baked into how modern markets operate.

🔍 Why “Clear Theft” Is Allowed

Practice	Why It’s Legal	Why It Feels Like Theft
Dilution	Disclosed in filings; board-approved	Retail gets diluted while insiders profit
Reverse Splits	Used to meet listing rules	Often used to reset price and enable more selling
Selling to Short Sellers	Shares trade freely; no buyer restrictions	Enables downward pressure and manipulation
Dark Pool Trading	Legal under SEC rules for large trades	Hides true market sentiment from retail
Naked Shorting	Technically illegal, but enforcement is weak	Creates phantom shares and artificial supply

🧠 Why the Belief that Companies Serve Investors Persists

• Narrative inertia: The idea that markets reward smart investing is deeply embedded in culture, education, and media.
• Success stories: People still get rich from stocks—especially in bull markets—so the system appears to work sometimes for some people.
• Complexity shield: Most manipulation is buried in jargon, filings, and opaque mechanisms that few understand; and lies are often allowed and cases against fraud thrown out by Delaware courts.
• Regulatory capture: Agencies meant to protect investors are often influenced by the very institutions they regulate.

🔥 The Growing Awareness

More retail investors are waking up to this imbalance:

• Retail communities (like Reddit’s r/Superstonk) are dissecting filings and exposing manipulation.
• Activist investors are pushing for transparency, reform, and accountability.
• New platforms are emerging to track dark pool activity, short interest, and insider moves.

The Stock Market Is Designed For Insiders

The stock market should benefit investors—but it often benefits insiders first. The system isn’t broken because it fails to work; it’s broken because it works exactly as designed — for the rich companies run by insiders who designed it.

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Short selling, especially when done through dark pools, synthetic instruments, or naked shorts, operates in a shadowy space where disclosure is minimal or delayed, and retail investors are left guessing.

🔍 What’s Actually Disclosed About Shorting A Stock Price?

• FINRA/Nasdaq short interest reports: Published biweekly, with a delay of several days. By the time you see it, the game may have already changed.
• Fails-to-deliver data: Released monthly, and only shows when trades weren’t settled—not who shorted or why.
• No real-time transparency: Unlike long positions, short positions are not disclosed in real time, and hedge funds don’t have to report them unless they cross certain thresholds.

🕵️‍♂️ How Investors “Assume” Shorting Is Happening

Because disclosure is so poor, retail and independent analysts rely on:

• Dark pool volume ratios (e.g., off-exchange short volume)
• Options flow (e.g., aggressive put buying)
• Price action vs. volume anomalies
• Unusual borrowing activity (tracked via securities lending platforms)
• Pattern recognition (e.g., dilution followed by price suppression)

These are inference tools, not direct disclosures. And that’s the problem: the system forces retail investors to play detective while insiders operate with full visibility.

⚠️ Why This Matters

• Short sellers can suppress price without accountability
• Companies can enable this through dilution or timing
• Retail investors are denied the data needed to defend their positions

This isn’t just unfair—it’s structurally opaque by design. The lack of shorting transparency is one of the most powerful tools used to manipulate sentiment and price, and regulators have been slow to address it.

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AMC Infiltrate Campaign

AMC ‘Infiltrate Wall Street’ Campaign – Feb 2021

Billionaire hedge fund short positions have caused this AMC long sell squeeze, but more buyers are getting involved to hold and defeat elitist greed with straight forward legal investing. We do not know whether hedge funds will be penalized for using some illegal tactics (like fake shares or conspiring with a partner to ladder attack), but they may at least stop to cut their losses over time if they risk exposure legally. A short squeeze would be nice, but if the shorts end that is really the best time to buy to have unmolested growth potential. The people in this just for a short squeeze may be disappointed, but long term investors can win without a sudden pop (if SEC will enforce SSR). All that being said, those greedy hedges may shoot themselves in the nuts again, during this long class war (which has gone from cold to hot).

The Infiltrate movement has just started, this is a new social paradigm for stock trading and market self-regulation; which is scaring the crap out of greedy billionaires. AMC is the most popular stock, and most shorted by hedge funds, which makes this price war insane. If we made a commercial for AMC Stock it might go like this:

“Public savings are a social security. Thanks for holding!!! Trey thinks we are at the floor, which means the curve may go up again, so this is a good time for a PUSH!!! Buy and Hold is the way to invest. Some people may get out if there is another pop, but many more of us are long term investors $$$.”

The main thing to know about the stock price currently is the real unshorted price is higher; because shares are already being bought with options after hours, according to the charts. Also there is documented evidence that market regulators and hedge funds are in collusion to manipulate the numbers of short volume and short interest; and other tactics to stop buying, like literally preventing buying. These hedge funds may get in serious legal trouble because of this market manipulation and fraud.

The evidence of hedge fund market manipulation is that AMC is the most bought stock on wall street, and the hedge funds and lack of enforcing the SSR are tanking it. There are shorting records available, but those are being manipulated too because of lack of regulation. There is no other reason for it to be extremely popular and somehow there are more stocks shorted than exist. Also there are claims of collusion by companies who might partner on business ventures together, after they turned off the buying feature at the climax of buying, which only allowed selling (which drops price). It gets complicated but investors need a class action lawsuit to represent them.

List of investment / hedge fund companies who own shares in AMC – Marketbeat

Blackrock and Vanguard* own the most shares of AMC, swapping positions back and forth (directly or indirectly). Maybe they are responsible for much of the laddering down, with smaller companies. They may have been conspiring to bankrupt AMC so one of them can buy it at the lowest price, or another bidding war might happen short squeezing the price up again. Worst case scenario: they are using AMC as a zombie company to keep draining to win short bets. Scary to consider. AMC fans hope the shorts end and AMC gets revived, and the share price gets bid up like it should.

*Vanguard AMC total shares held for 2020 investment funds = 4,592,000+ (4,591,318)

Vanguard Total Stock Market Index Fund = 1,833,003

Vanguard Small-Cap Index Fund = 1,235,518

Vanguard Extended Market Index Fund = 768,494

Vanguard Small Cap Value Index Fund = 754,303

Note: Vanguard reported those in 2020… it means they were keeping AMC before it gained social value. Vanguard is now apishly long as of July 2021 with its position increased by multiples. Fintel reported 8/13/21 (effective 6/30/21) – Vanguard owned 44,434,498 AMC shares, some of which may have been sold or borrowed. From 2020 to 2021 Vanguard increased its AMC shares by 55% percent.

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Public Covid-Crisis Riots are evidence of Economic Anxiety

Reasons why we are buying more AMC and holding as an Investor: It takes patience to invest in long term stocks for savings and deal with the battles of social movements. AMC is not just any corporate stock because it has new social value based on the class war that billionaires have been winning since the 1980s. Many of us will be holding amc until we die, as it is not likely to go bankrupt now. We have literally changed the value of the company, now the old guard just needs to be told that. In Charles Dicken’s ‘Christmas Carol’ Scrooge had to be shown the follies of his greedy ways by being terrorized by spirits. Unfortunately for many billionaires or millionaires they will never learn their lesson that sharing is better than being selfish, despite friends, family, and neighbors trying to hold their hand to teach them. Rather than using violence to terrorize, Infiltrate Wall Street is a movement that uses the psychology of money to change perceptions. Public accounts like stocks where we put our money does not always need to be based on physical assets, our investment choices can be for reasons of social security. Social securities networks are needed because corporations continue to remove public resources for their own profits. We know that the rich may not want to change their ways, but investing in AMC is one way to force change, and that is why we are buying into it every week. 

AMC Stock may be one of the only ways Capitalism can remain popular as a system for the masses; regardless of what we think of the system as individuals. If the rich keep trying to destroy what we want, things will not go well for them or humanity in the future. Currently it seems like the lower classes are in a price war against the upper classes, for control over the market. In some ways this is true, but as the rich weigh their options they may realize that crushing the only tools to keep them in power is not viable. The rich may begin to invest in AMC as a social stock, just as commercial companies do with civil rights issues; because public image is important to them, so consumers will give them more money. This is why popular stocks have become an important part of savings and retirement accounts, and why it is one of the most democratic aspects of Capitalism. Despite the rich getting richer as they cut pay and jobs and government functionality, stocks have become the only way to access national resources as millions go homeless, and are evicted from public parks.

The rich can take their pick: violent revolution or economic revolution. One of those options for change they can continue to be a part of, the other they cannot (see French Revolution).

[ Audio Reading of this Essay on Audiomack ]

‘Infiltrate Wall Street’ is the only thing between the American people and hedge funds who are betting for our public systems to fail as soon as possible. Hedge funds are cheering on our financial collapse so they can be richer. If we were not challenging hedge funds from within society, they would continue to be institutionally encouraged and eventually drain and destroy everything for their own profit. ‘Hedge fund shorting’ not only benefits from our failures, it boldly and openly makes market crashes more inevitable sooner (according to Legacy Hedge Fund Heiress Lauren Templeton).

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