Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by ziml77 on Thursday January 28, 2021 @02:24PM
(#25947527)
The thing the SEC is going to take issue with is lying to investors. Investors have a right to know what's going on with their money.
And despite how it seems from outside Wall Street, hedge funds are definitely scared of the SEC. Banks worry less because their money is sourced differently. Hedge funds have to worry about legal action not just for the fines but also for scaring their investors. When individual investors are so large it only takes a few redemptions to significantly impact AUM.
And despite how it seems from outside Wall Street, hedge funds are definitely scared of the SEC. Banks worry less because their money is sourced differently. Hedge funds have to worry about legal action not just for the fines but also for scaring their investors. When individual investors are so large it only takes a few redemptions to significantly impact AUM.