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Now there are reports they (robinhood, not webull) are force-selling positions: https://redstate.com/scotthounsell/2021/01/28/robinhood-app-force-sells-investo
by smsm42 6y ago
Now there are reports they (robinhood, not webull) are force-selling positions:
https://redstate.com/scotthounsell/2021/01/28/robinhood-app-force-sells-investors-gamestop-stock-n318132 https://redstate.com/scotthounsell/2021/01/28/robinhood-app-...
If that's true (never assume something coming from Twitter is true without verifying, so it's still a rumor by now) then I don't see how "it's too risky" explanation holds. And of course selling somebody's property against their will is a fraud, at least on the face of it (IANAL).
Edit: screenshot from reddit: https://pbs.twimg.com/media/Es1pb5KWMAE19CD?format=jpg&name=medium https://pbs.twimg.com/media/Es1pb5KWMAE19CD?format=jpg&name=...