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Wall Street firm linked to Robinhood is going to war with the SEC to derail Flash Boys exchange IEX CNN 2/4/2021 © Patrick T. Fallon/Bloomberg/Adam Jeffery/CNBC/ NBCUniversal/Getty Images Citadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low. On the same day that Senator Elizabeth Warren demanded answers on Robinhood s ties to Citadel Securities and its affiliated hedge fund, the Chicago-based firm officially launched a legal war Tuesday against the Securities and Exchange Commission. The timing of Citadel s 77-page court filing Tuesday was unrelated to the recent market turbulence. Citadel Securities filed its intention to sue in October and the two sides agreed last fall to a February 2 deadline for a brief.

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