Dave Lauer was once a high-frequency trader at hedge fund Citadel. Now he advocates for investors active on social media who tend to favor meme stocks such as GameStop and AMC. “He’s gained the trust of a lot of the Reddit community.”
Dave Lauer, at his home in Ottawa, left high-frequency trading and became an industry critic.Dave Lauer was once a quant at hedge fund Citadel. Now he is a thorn in the side of Wall Street in a battle over how individual investors’ trades are handled in the U.S. stock market.
Mr. Lauer is the co-founder of We the Investors, an advocacy group that draws much of its energy from apes—investors active on social media who tend to favor meme stocks such as GameStop Corp. and AMC Entertainment Holdings Inc.
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