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Yes and the connection comes with a couple of caveats - IMO:
1)-Biotech Company Says Citadel Securities, Other Big Traders Manipulated Its Stock Price
In a new lawsuit, Northwest Biotherapeutics accuses market makers of illicit ‘spoofing’ orders
UpdatedDec. 1, 2022 1:09 pmET
In the modern stock market, high-speed trading firms such as Citadel Securities provide stock quotes throughout the day.Photo:REUTERS
A biotechnology company accused Citadel Securities LLC, Susquehanna International Group LLP and other Wall Street firms of driving down its stock price through a series of illicit trading tactics.
2)-https://www.propublica.org/article/how-susquehanna-yass-avoided-billion-taxes"One main engine of Yass’ tax avoidance, ProPublica found, is a huge investment fund called Susquehanna Fundamental Investments. Every year, like clockwork, the fund effectively wipes out hundreds of millions of dollars worth of Yass’ income that would otherwise get hit at the highest tax rates, while generating hundreds of millions in income that is taxed at the lower rate.
Regulatory filings give a glimpse of the fund’s trading. The fund has to disclose a snapshot of certain holdings to the Securities and Exchange Commission a few times each year, though many types of trades are exempt from disclosure.
Over several years, the fund held billions of dollars of individual stocks in such companies as Google, Wells Fargo and Coca-Cola. These stocks are among the largest companies in the S&P 500 index. Meanwhile, the fund also held a large bet against the S&P 500. In essence, it held a bet against many of those exact same stocks.
Experts say that the counterintuitive strategy of simultaneously betting for and against the market can yield tax benefits. Essentially, it can offer a relatively low-risk way to generate short-term lossesand long-term gains."......(guess - with SOI & shorts - which one he's gonna generate here?)
3)- https://www.forbes.com/sites/antoinegara/2021/04/06/how-trader-jeff-yass-parlayed-poker-and-horse-racing-bets-into-a-12-billion-fortune/
"Yass bootstrapped Susquehanna in part with startup capital plucked from racetrack pots and poker tables in the 1970s and early 1980s. He then applied his gambling instincts to options markets during the 1980s bull market, and his skill for handicapping odds and finding an edge set him apart. Yass’s number one trading rule is also the mantra of every poker pro: there is no surer way to win, than to bet against someone who is dumber or less experienced than you, otherwise known as the “mark” at any poker table. On Wall Street, Robinhood is in the business of cultivating and serving up millions of marks daily.
Speaking for myself, if I had 10 million shares in IMU -at this point in the game- I 'd find hard to sleep at night cause for our fellow shareholder Jeff we are nothing more than "marks".
