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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by baybal2 on Thursday January 28, 2021 @10:51AM (#25943757)
And every time, an effort to judge whose demand is more real that other ends up with absurd, scandalous legal rulings.

They should not be.

These guys have full understanding how laughable it the attempt to judge somebody by pretending the judge/bureaucrat can peer into somebody's mind, and yet they do it.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by tylerhou on Thursday January 28, 2021 @10:58AM (#25943870)
> pretending the judge/bureaucrat can peer into somebody's mind

But historical cases don't peer into people's minds. They look at evidence, such as texts in chat rooms that show clear intent to manipulate. See the Libor scandal chats [1], where one trader wrote "its just amazing how libor fixing can make you that much money" and "its a cartel now in london."

I think it's unlikely that the SEC will be able to successfully prosecute WSB traders, though, due to lack of evidence. It's also probably not even worth their time.

[1] https://www.buzzfeednews.com/article/matthewzeitlin/why-bank...

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