5 ms·
Do I have this right?: 1. Robinhood's TOS explicitly gives them the right to do this. 2. Robinhood is free. 3. Any alleged harm could be mitigated by using ano
by tiahura 6y ago
Do I have this right?:
1. Robinhood's TOS explicitly gives them the right to do this. 2. Robinhood is free. 3. Any alleged harm could be mitigated by using another service.
And attorneys wonder why we're held in lower regard than used car salesman.
- paulddraper 6y agoMarket manipulation by a brokerage is illegal, regardless how much fine text you print.
- aeternum 6y agoTOS don't always hold up. Plaintiffs have successfully convinced juries that companies make their TOS so difficult to understand and lengthy that the average user cannot read/understand it. Recently companies have also added language that allows them to change the TOS at any time, which is questionably legal.
- jMyles 6y agoThe legal framework under which they operate - even if most of us prefer it didn't exist and instead were relegated to a provable fair platform - expressly forbids using the platform as a tool of manipulating a specific instrument. And the appearance is certainly that that's what they've done. So presumably participants (widely defined) had already built that information into their decision making.