4 ms·
What did you expect them to do? Go around arresting people? Stop trading on every market? Say that Robinhood is no longer allowed to trade? It's a giant govern
by dubcanada 6y ago
What did you expect them to do? Go around arresting people? Stop trading on every market? Say that Robinhood is no longer allowed to trade?
It's a giant government body that overseas a very large tender market of money, they can't just make rash decisions. They need to review, see how it plays out in the longer term, and see how the government is going to want to adjust.
I don't think technically anything (minus the robinhood/other people restricting buying, and even that who knows) that's going on is really "wrong-doing" on the surface. Everything seems to be by the book.
So they'll need to dig deep into the stock and find evidence and provide that evidence to the body that reviews stuff.
You probably won't hear of any changes for months if not years if at all.