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A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by mancerayder on Wednesday January 27, 2021 @06:11PM (#25935455)
> Retail traders do not run sophisticated algos to jam the price 15 minutes from the open because they want to neuter circuit breakers.

How is that legal?

> C’mon guys...

In this particular instance, even if it is rare, it does certainly feel like a David and Goliath story?

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Re:GameStop Is Rage Against the Financial Machine by aphextron on Wednesday January 27, 2021 @06:18PM (#25935529)
>How is that legal?

It doesn't particularly matter. The SEC is not some omniscient all powerful entity. The rate of prosecution for financial crimes is shockingly low.

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Re:GameStop Is Rage Against the Financial Machine by hehehaha on Wednesday January 27, 2021 @06:17PM (#25935519)
It’s legal and to be completely honest was a pretty damn smart thing to do.

I don’t think it’s David and Goliath. I feel like it’s Goliath using millions of Davids to do his bidding. Retail is getting used.

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