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um, buying stocks is not a scheme to manipulate the price. However disabling purchases of a stock for millions of users does artificially suppress demand. Also
by bagacrap 6y ago
um, buying stocks is not a scheme to manipulate the price. However disabling purchases of a stock for millions of users does artificially suppress demand.
Also robinhood doesn't allow selling naked options so that entire point of yours is moot.
- silexia 6y agoInteractive Brokers does allow naked selling of options, and also shut down trading probably for similar reasons. Robinhood could lose money in any number of ways if a stock gaps and some of it's customers go bankrupt. If you buy or sell stocks with the intent to manipulate the price (either through a pump and dump scheme, or a short squeeze scheme) that is illegal. It doesn't matter whether the action is only buying or only selling. It is the intent.
- woobar 6y agoAre you saying that Rubinhood shut down trading to prevent "stock gap" and avoid potential losses? Isn't it also illegal stock price manipulation?