Citadel Is ‘Bigger Target’ for Griffin’s Washington Return
- Billionaire’s firm draws scrutiny for role in GameStop saga
- House Financial Services Committee will hold hearing this week
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The reach of Citadel founder Ken Griffin’s empire was on full display during the rise and fall of GameStop Corp. -- and Washington took note.
One of his businesses executed many of the trades that drove the retailer’s shares into the stratosphere last month, while another provided a $2 billion lifeline to a hedge fund that got crushed by the stock surge. But some lawmakers are wondering if such pervasiveness poses a threat to markets, as Congress seeks to determine whether the Reddit-fueled trading frenzy was just a blip or a sign that something is broken on Wall Street.