🚨BREAKING: NYSE, SEC AND CITADEL FIGHT BEGAN | AMC STOCK GME STOCK

so guys remember how the Brokers and the exchanges should pay the bill for the cut system right this was the rule from the ACC now the exchanges have been paying receiving the bill and the Brokers simply don't want to pay for it look at this Citadel currently is leading a fight against this payment that will be deducted from the Brokers itself the Brokers haven't paid a single dime yet all the bills have been covered by the exchanges and because the trading volume has been skyrocketing the bill is equivalent to the trading volume so the more trades the higher the bill even though market makers are making more money due to the higher trading volumes remember this very very well so look at this according to Financial Times Citadel currently is leading uh industry fight against this particular effort from the exchanges and from the SEC why currently the New York Stock Exchange and NASDAQ has been paying off the bill for Consolidated audit Trail if you look at over here they had to put foot in the bill for the new surveillance system that is already raed up almost $1 billion dollar in costs so the exchanges have already paid a billion dollars for having the cut system implemented and surveillance on the markets look at this the Brokers are calling for the regulator to suspend proposed new billing schedule that will force the Brokers to essentially pay their part of the cut system cost associated with running and operating the exchanges have so far footed the bill for the cut system So currently Citadel right controlled by K griin has warned that the ACC that if they don't actually postpone or suspend this billing cycle if they don't send a bill to the Brokers by next week they're going to sue them in a letter last week it described that latest filing is in effort of the ACC according to cadale to extract hundreds of millions of dollars from broker dealers such as Citadel the company one of the biggest market makers like I mentioned volume's going up the cost of cast system going up as well which most likely means that these people the market makers will making more money as well this why the the situation for them is crazy they're making so much money on one side when they is a high trading volume but if they have to pay the bill for the cut system they're going to be losing money on the site very very interesting so far the exchang is New York Stock Exchange NASDAQ CBE Global markets are paying the bill they don't want to comment on this particular fight between the Brokers and the ACC they're quietly paying the bill but they said that you know what Brokers should start paying their fair share into the equation because because the agreement in the beginning when the ACC introduced the cut system 10 years ago the idea was that all of the big Market participants in the financial markets will pay their Fair shares so they will be able to make a whole for the whole bill exchanges officials privately pointed out that they were ordered by the ACC to set up the system and it was always planned that the cost will be shared with the industry since the implementation the cost of the cat system have continued to Skyrocket simply because they higher trading volumes so guys imagine this first of all they were opposing for implementation of the cat system remember this very well we're following the process since the beginning of 2023 then they said cat system collects personal data it will hurt individual investors it is kind of a you know national security threat so on and so forth then they couldn't do anything about it to stop the system the system was enforced the system now it's running and the system already cost a billion dollars that was paid by the biggest exchanges but exchanges will not you know move forward and keep paying the bill at the end of the day they will be opposing exchanges they will be fighting the Brokers because the Brokers don't want to pay the Brokers will be fighting the SEC because they don't want to pay and this is crazy on on you know closer look but zooming out this is actually good because if before people were making rumors they were speculating that the Brokers and market makers and hedge funds they all kind of working together colliding now this is something that could break the chain if there was a chain in between it will break the potential connection potential relationship potential whatever partnership whatever you call it it will create an enemy within the battle has just begun guys nework Angelo fush Su the [Music] street New York Angelo hero in the fre fist made of iron crush the greed away suit shop Mass tight Justice in the air Wall Street fillings never see them unprepared in the boards trembling fears golden Watchman Angelo is here numbers just big the life it's clear stealing from the people their careers disappear New York Angelo Wall Street P fighting with passion do in the r economy keeping Justice FKS L Angel we thank you manipul profets run wild Angelo STS stop wild Secrets under the table talk so dece he breaks the ledgers makes the wrong Retreats for every and every dream Tor apart his fighter got love in his heart brother ands them man New York Angel no [Music] is together with the people rising from the street cleaning the corruption making justce sweet every Crook in a suit knows his dreaded name New York Angelo in the hero Hall of Fame New York Angelo Wall Street F green with passion dollars in the rain economy s keeping Justice through F loud Angel we thank you [Music] music all your Angelo when your endeavors New York Angelo Wall Street Spain fighting green with passion dollars in the rain economy savior keeping Justice true folks shouting loudel thank [Music] you every this financial fighter got his brothers and sisters give the here New York with with with [Music] no Street oh