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Citadel Securities names former CFTC chair Heath Tarbert as chief authorized officer By Reuters 



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(Reuters) – Citadel Securities has appointed Heath Tarbert as chief authorized officer, the digital buying and selling agency stated on Thursday, months after he resigned as chair of the Commodity Futures Buying and selling Fee (CFTC).

The corporate, co-founded by billionaire investor Kenneth Griffin, stated Tarbert would tackle his new function on Monday and be liable for all authorized and compliance issues on the firm.

Tarbert, a former company legal professional and senior Treasury Division official, stepped down as CFTC chair in January. He was nominated by former President Donald Trump to be each chair and one among 5 commissioners on the CFTC, taking workplace in July 2019.

His appointment comes as Citadel Securities will get embroiled in January’s GameStop (NYSE:) saga that put a highlight on the large function the corporate performs within the U.S. retail buying and selling market, accounting for round 40% of executed retail trades.

Citadel Securities, led by Peng Zhao, competes with different market makers for order circulation from firms, together with Robinhood, and receives a big share of orders primarily based on execution high quality.

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