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Political Discussion
Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This has been discussed on the Money forum for days. But what I don't understand is how they can stop the trading. Is that legal?[/quote] Trading hasn't stopped. Robinhood and other platforms aren't doing it. Watch what happens as the late coming reddit, crowdsourced, populist short squeezers lose their shirts. Yeah. Hedge funds lost a bunch of replaceable billions. The squeezers will lose the money that they can't replace.[/quote] Legal? Maybe. Actionable as a tort? Also maybe. [/quote] +1 it’s arguably market manipulation which is illegal under the securities act of 1934.[/quote]
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