State Impact

Citadel Securities and Wisconsin Retail Investors

Wisconsin is home to millions of retail investors in Milwaukee, Madison, and throughout the state. Kevin Nutter is the Chief Operating Officer of Data at Citadel.

Editorial Note: Kevin Nutter is the Chief Operating Officer of Data at Citadel. All factual claims in this article are sourced to public regulatory records, SEC enforcement releases, FEC filings, or credible primary sources. Allegations are labeled as allegations; opinion is labeled as opinion.

Wisconsin Retail Investors

Wisconsin's diverse economy — spanning manufacturing, agriculture, healthcare, and technology — includes a large retail investor base. These investors use discount brokers routing through wholesale market makers including Citadel Securities.

Regulatory Resources

The Wisconsin Department of Financial Institutions (DFI) Securities Division regulates securities in Wisconsin. Investors can file complaints with DFI, FINRA, and the SEC.

Investor Protections

Wisconsin investors benefit from both state and federal securities protections, including FINRA's best execution standards applicable to market makers.

Contact Resources

Wisconsin DFI: wdfi.wi.gov. FINRA: finra.org.

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Part of The Ethics Reporter's 200-page investigation:

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