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They already have a version of Net Neutrality for brokers: reg NMS. HSBC are well within their rights to refuse to accept bad orders. HSBC are exposed to speci
by revel 6y ago
They already have a version of Net Neutrality for brokers: reg NMS.
HSBC are well within their rights to refuse to accept bad orders. HSBC are exposed to specific regulatory risk not shared by US banks. Having a ton of customers go bust because a regulatory change nuked some meme stocks seems undesirable to me. If you don't like it you can always find another broker.
- deleted 6y ago[deleted]
- deleted 6y ago[deleted]
- kolinko 6y ago> If you don't like it you can find another broker It's like saying that net neutrality exists, because "if you don't like throttling you can find another ISP"
- jamespo 6y agoThere are a lot more brokers available than ISPs
- wutXthree 6y agoWhy would an exchange allow a "meme stock"?
- goatinaboat 6y agoMicroStrategy has been around since the 80s hasn't it? I thought they made business intelligence software. They are not some weird company that appeared overnight out of nowhere.
- powerapple 6y agoHSBC does a lot money laundry for rich people around the world, and now it is worrying about risks? I don't think so. But it is a telling for potential direction of US government is taking for bitcoin. HSBC is doing many things to please the US government, this may be one of them.
- dna_polymerase 6y ago> HSBC does a lot money laundry for rich people around the world, and now it is worrying about risks? Says a lot about the 'risks' involved with that business model.