5 ms·

They took an action to prevent buying before the market opened. Then they closed those positions ~during~ a point in time when GME was the lowest... Criminal.

JarlUlvi 6y ago
Saw margins accounts being closed with GME sold off @ 120. According to my chart, price dipped down to 110 which appears to coincide with the selloff, but, much of the day the bottom support was around 200, and a peak of around ~483 during the trading day. Capital Obligations doesn't mean you get to toss fiduciary responsibilities, which it appears they did.
toomuchtodo 6y ago
Not only do I agree, I called AOCs congressional number and the house financial services committee’s office to voice complaints regarding this behavior (I am not a Robinhood user, so I have no standing in that regard). I recommend the public complain loudly to both Congress and regulators.
- blahblahblogger 6y ago
  I agree, I'm glad to see some bipartisan support for holding big-finance to some accountability. I'm not so glad with AOC's response to Ted Cruz which was literally: "Your help is not wanted on this. If you want to help you can resign." So maybe not that bipartisan. I'm not a RH user either and have no standing in this. But I'm watching with interest and hope there's some action on this.
  - kibwen 6y ago
    > I'm not so glad with AOC's response to Ted Cruz which was literally: "Your help is not wanted on this. If you want to help you can resign." So maybe not that bipartisan. This is misrepresentation (of a tweet, you could have just quoted the entire thing!): "I am happy to work with Republicans on this issue where there’s common ground, but you almost had me murdered 3 weeks ago so you can sit this one out. Happy to work w/ almost any other GOP that aren’t trying to get me killed. In the meantime if you want to help, you can resign." So to summarize: yes to working with Republicans, no to working with Ted Cruz, the most hated man in the senate.
  - deleted 6y ago
    [deleted]
  - mike00632 6y ago
    You took AOC out of context, which is hard to do considering how short Tweets are.

JarlUlvi 6y ago

Saw margins accounts being closed with GME sold off @ 120. According to my chart, price dipped down to 110 which appears to coincide with the selloff, but, much of the day the bottom support was around 200, and a peak of around ~483 during the trading day. Capital Obligations doesn't mean you get to toss fiduciary responsibilities, which it appears they did.

toomuchtodo 6y ago

Not only do I agree, I called AOCs congressional number and the house financial services committee’s office to voice complaints regarding this behavior (I am not a Robinhood user, so I have no standing in that regard). I recommend the public complain loudly to both Congress and regulators.

blahblahblogger 6y ago
I agree, I'm glad to see some bipartisan support for holding big-finance to some accountability. I'm not so glad with AOC's response to Ted Cruz which was literally: "Your help is not wanted on this. If you want to help you can resign." So maybe not that bipartisan. I'm not a RH user either and have no standing in this. But I'm watching with interest and hope there's some action on this.
- kibwen 6y ago
  > I'm not so glad with AOC's response to Ted Cruz which was literally: "Your help is not wanted on this. If you want to help you can resign." So maybe not that bipartisan. This is misrepresentation (of a tweet, you could have just quoted the entire thing!): "I am happy to work with Republicans on this issue where there’s common ground, but you almost had me murdered 3 weeks ago so you can sit this one out. Happy to work w/ almost any other GOP that aren’t trying to get me killed. In the meantime if you want to help, you can resign." So to summarize: yes to working with Republicans, no to working with Ted Cruz, the most hated man in the senate.
- deleted 6y ago
  [deleted]
- mike00632 6y ago
  You took AOC out of context, which is hard to do considering how short Tweets are.