4 ms·

I don’t really care what the rules are. Arbitrarily preventing people from buying, but not selling, is market manipulation. Any company that took part in this s

by cwhiz 6y ago

I don’t really care what the rules are. Arbitrarily preventing people from buying, but not selling, is market manipulation. Any company that took part in this should be dismantled. If you need to halt trading because of liquidity requirements, halt all trading.

cortesoft 6y ago
It wasn't arbitrary. There is huge risk for brokers when very volatile stocks are bought at heavy volume. The risk is not there when selling stock. The companies backing the risk RH was taking rightfully asked for more collateral, and RH wasn't able to come up with it. It was in no way arbitrary.
- OJFord 6y ago
  Better, it's reduced.
- cwhiz 6y ago
  Those rules are arbitrary, and arbitrarily enforced.
OJFord 6y ago
No, not allowing people to close open positions would be way more of a shit show, and way more likely to look bad (on the broker) in court.
- cwhiz 6y ago
  Halting all trading is the only way to prevent market manipulation.