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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 moistrobot on Thursday January 28, 2021 @11:49AM (#25944683)
Brokers don't have a fiduciary interest, unlike Asset Managers. So, no. They have no obligation to halt trades, usually they make money on volume of trades and would encourage people to trade more. https://www.forbes.com/sites/forbesfinancecouncil/2020/06/17...
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by beagle3 on Thursday January 28, 2021 @12:35PM (#25945374)
Do they have the legal privilege to do it? I suspect not, because if they did, they would be able to kill a company by not let anyone buy its share.
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