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No. WSB is not "a regulated entit[y]" that "disadvantage[d] investors or otherwise unduly inhibit[ed] their ability to trade certain securities". Robinhood is a
by acegopher 6y ago
No. WSB is not "a regulated entit[y]" that "disadvantage[d] investors or otherwise unduly inhibit[ed] their ability to trade certain securities". Robinhood is and did.
- jeffbee 6y agoThat's the first part but the second part is a separate statement against market manipulation generally. In the law, manipulation is forbidden to anyone, not just brokers and dealers.
- FabHK 6y agoI'd say you might be wrong on both counts: 1. preventing people from buying GME at, whatever, $300 might not have been disadvantaging them, and 2. it might not have been unduly inhibiting their ability to trade, but duly so.
- franklampard 6y agoYou are so biased because you think GME is overvalued at $300. Your bias even makes you defend Robinhood’s action to disable cash accounts buying certain stocks as DULY. Wow