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Those regulations still allow brokers some freedom in how they run their business, and even require brokers to take actions like this (according to some interpr
by cmdli 6y ago
Those regulations still allow brokers some freedom in how they run their business, and even require brokers to take actions like this (according to some interpretations). AFAIK, there isn't an SEC regulation requiring all brokers to provide services for every stock. In fact, brokers have limited the buying and selling of stocks in the past, so there is precedent here.
- deleted 6y ago[deleted]
- 93po 6y agoThe SEC is also extremely strict about market manipulation, and especially when there's a conflict of interest. RH uses Citadel which had billions of dollars invested into Melvin. RH is saving its partner billions of dollars with this action to the detriment of its actual users.