Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by shakezula on Thursday January 28, 2021 @11:49AM
(#25944676)
Others in this thread are pointing out issues with arbitration, which really muddies the water on how this can be handled. Definitely complaining to the SEC though. Imagine if they did the inverse of this, and stopped anyone from being able to sell a stock they were heavily invested in. That would be absolute madness. Itβs the exact same ass-covering.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by twadfas on Thursday January 28, 2021 @12:43PM
(#25945505)
Arbitration is usually bad for consumers but in volume it can be terrible for the offending company. Ususally folks dont go through it with but if you get WSB to ally and do mass arbitration to stick it to the man robinhood is an a world of hurt on legal costs.