4 ms·

Now they made enemies of most of their clients. I bet not more than few weeks before you will see advertising from big shot lawyers on national TV welcoming you

Now they made enemies of most of their clients. I bet not more than few weeks before you will see advertising from big shot lawyers on national TV welcoming you into class action lawsuits. Frankly, I am terribly disgusted by this news from Robinhood and I hope they will be sued into eternity... and then hopefully DOJ step in an see what they did was illegal. If you have Robinhood account, write you state AG. Show your outrage in writing so they can also get involved.

techsupporter 6y ago
> you will see advertising from big shot lawyers on national TV welcoming you into class action lawsuits Like all darling start-ups, Robinhood has a section of its terms of use whereby users give up their right to sue. Because courts are only for the rich and those with the power to negotiate. The rest of us clicking on take-it-or-leave-it contracts can pound sand. Section 38: https://cdn.robinhood.com/assets/robinhood/legal/Robinhood%20Customer%20Agreement.pdf https://cdn.robinhood.com/assets/robinhood/legal/Robinhood%2...
- WrtCdEvrydy 6y ago
  What if you're not a user and these trade restrictions affected your trades outside of the RH platform? It's illegal to dump products on a market (physical products) below price... yet some a-hole can force their plaform into "sell-only" mode and it's all cool.
- f-word 6y ago
  Hi! Sorry, not an american. Exactly how is it legal to forego your right to a fair trial on an "agreement" between two parties who for any intents and purposes do not know each other?
  - jaywalk 6y ago
    Clauses like this are put in there to try and protect from nuisance lawsuits. But in a case like this, it will certainly not protect them.
MrMan 6y ago
there are lots of other ways to trade stocks and they will all limit your ability to trade any old thing depending on the state of the market, the state of your balance sheet, the state of their balance sheet. why do you care about one particular crappy retail broker?
headsupftw 6y ago
Speaking of which, https://twitter.com/ljmoynihan/status/1354836830169006081 https://twitter.com/ljmoynihan/status/1354836830169006081

techsupporter 6y ago

> you will see advertising from big shot lawyers on national TV welcoming you into class action lawsuits Like all darling start-ups, Robinhood has a section of its terms of use whereby users give up their right to sue. Because courts are only for the rich and those with the power to negotiate. The rest of us clicking on take-it-or-leave-it contracts can pound sand. Section 38: https://cdn.robinhood.com/assets/robinhood/legal/Robinhood%20Customer%20Agreement.pdf https://cdn.robinhood.com/assets/robinhood/legal/Robinhood%2...

WrtCdEvrydy 6y ago
What if you're not a user and these trade restrictions affected your trades outside of the RH platform? It's illegal to dump products on a market (physical products) below price... yet some a-hole can force their plaform into "sell-only" mode and it's all cool.
f-word 6y ago
Hi! Sorry, not an american. Exactly how is it legal to forego your right to a fair trial on an "agreement" between two parties who for any intents and purposes do not know each other?
- jaywalk 6y ago
  Clauses like this are put in there to try and protect from nuisance lawsuits. But in a case like this, it will certainly not protect them.

MrMan 6y ago

there are lots of other ways to trade stocks and they will all limit your ability to trade any old thing depending on the state of the market, the state of your balance sheet, the state of their balance sheet. why do you care about one particular crappy retail broker?

headsupftw 6y ago

Speaking of which, https://twitter.com/ljmoynihan/status/1354836830169006081 https://twitter.com/ljmoynihan/status/1354836830169006081