3 ms·
The fact is that a few things that are already prohibited are happening here. You have 1) pump-and-dump manipulation on the day trader side and 2) Robinhood gr
by kweinber 6y ago
The fact is that a few things that are already prohibited are happening here. You have 1) pump-and-dump manipulation on the day trader side and 2) Robinhood grew an entire business based on selling blocks of order-volume so that people can front-run and piggy-back off of trades (which is also prohibited).
If the SEC wasn't neutered by the last administration and was doing their job, people would be hauled in for market manipulation on both sides.
Real marketplaces need to be free from gross manipulation or else people lose faith in them for legitimate commerce.