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And company's need to take more responsibility for their own actions as well, instead of blaming their users for being stupid. Predatory and aggressive behavior

And company's need to take more responsibility for their own actions as well, instead of blaming their users for being stupid. Predatory and aggressive behavior isn't made acceptable just because the person you preyed on was foolish.

giantg2 6y ago
Finance is one of the most highly regulated industries. If there was wrongdoing, the SEC would be all over it. By your logic, you might as sue all auto manufacturers for not installing BAC interlocks on the vehicles they sell, or all tobacco companies just because the users are too stupid to read the giant warning labels. That's not the society I want to live in.
- tidepod12 6y ago
  >If there was wrongdoing, the SEC would be all over it. Like this? https://www.cnbc.com/2020/12/16/robinhood-reportedly-facing-complaint-by-massachusetts-regulators-over-targeting-young-users.html https://www.cnbc.com/2020/12/16/robinhood-reportedly-facing-... >all tobacco companies just because the users are too stupid to read the giant warning labels Like this? https://www.publichealthlawcenter.org/topics/commercial-tobacco-control/commercial-tobacco-control-litigation/united-states-v-philip https://www.publichealthlawcenter.org/topics/commercial-toba... In our society, we hold companies responsible for being poor citizens. And "our users are stupid" is not a valid justification for being a poor citizen, whether you like that or not.
  - giantg2 6y ago
    I'm not talking about the part prior to the crackdown on tobacco. I'm saying there are still people using it after the giant warning labels. They have an investigation, but we'll see what it turns up. Remember, we work on an innocent until proven guilty basis. If you're saying that companies need to be good citizens or we shut them down, then you should close almost all businesses. You don't think the other brokers take the same steps that RH does? I can tell you from the inside that they do.
    - deleted 6y ago
      [deleted]
- hertzrat 6y ago
  It took decades of lawsuits and to get those warning labels, which would vanish overnight if the government didn’t force it. Those decades included a lot of misinformation campaigns to the point of fraud. Most smokers simply cannot quit - they have tried dozens of times and most got hooked in high school

giantg2 6y ago

Finance is one of the most highly regulated industries. If there was wrongdoing, the SEC would be all over it. By your logic, you might as sue all auto manufacturers for not installing BAC interlocks on the vehicles they sell, or all tobacco companies just because the users are too stupid to read the giant warning labels. That's not the society I want to live in.

tidepod12 6y ago
>If there was wrongdoing, the SEC would be all over it. Like this? https://www.cnbc.com/2020/12/16/robinhood-reportedly-facing-complaint-by-massachusetts-regulators-over-targeting-young-users.html https://www.cnbc.com/2020/12/16/robinhood-reportedly-facing-... >all tobacco companies just because the users are too stupid to read the giant warning labels Like this? https://www.publichealthlawcenter.org/topics/commercial-tobacco-control/commercial-tobacco-control-litigation/united-states-v-philip https://www.publichealthlawcenter.org/topics/commercial-toba... In our society, we hold companies responsible for being poor citizens. And "our users are stupid" is not a valid justification for being a poor citizen, whether you like that or not.
- giantg2 6y ago
  I'm not talking about the part prior to the crackdown on tobacco. I'm saying there are still people using it after the giant warning labels. They have an investigation, but we'll see what it turns up. Remember, we work on an innocent until proven guilty basis. If you're saying that companies need to be good citizens or we shut them down, then you should close almost all businesses. You don't think the other brokers take the same steps that RH does? I can tell you from the inside that they do.
  - deleted 6y ago
    [deleted]
hertzrat 6y ago
It took decades of lawsuits and to get those warning labels, which would vanish overnight if the government didn’t force it. Those decades included a lot of misinformation campaigns to the point of fraud. Most smokers simply cannot quit - they have tried dozens of times and most got hooked in high school