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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just heard from someone that RH is selling people’s GME shares without their consent..anyone else heard this or can verify? Don’t know if it’s a crazy rumor or not[/quote] If they can't make a margin call, RH can legally sell their shares. Margin buyers have very few rights.[/quote] The problem is that RH didn't even make the margin call. They straight up sold the positions at the bottom of the market. RH also canceled overnight cash purchase orders of the single name equities. Totally crazy and unethical. [/quote] Bizarre![/quote] Wow, I wonder if RH lent out retail customers' deposited cash? You need a banking license to do fractional reserve lending. [/quote]
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