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A comment on Class Action Lawsuit Filed Against Robinhood. Parent comment

Re:Class Action Lawsuit Filed Against Robinhood by paxys on Thursday January 28, 2021 @03:22PM (#25948490)
There is zero chance they all independently came to the same conclusion at the exact same time. There has to be a bare minimum amount of coordination involved, which is likely illegal. Either that or they got an order from the SEC/White House.
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Re:Class Action Lawsuit Filed Against Robinhood by betterunix2 on Thursday January 28, 2021 @03:35PM (#25948738)
Financial companies all use the same logic to make these sorts of decisions, so yes, there is a very good chance that they independently came to the same conclusion at the same time.
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Re:Class Action Lawsuit Filed Against Robinhood by mlthoughts2018 on Thursday January 28, 2021 @03:28PM (#25948610)
It’s also not a clear conclusion even remotely at all. There’s nothing remotely illegal about retail investors coordinating together to profit from a short squeeze opportunity.
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Re:Class Action Lawsuit Filed Against Robinhood by wonderwonder on Thursday January 28, 2021 @04:12PM (#25949285)
If they got orders from the SEC they would likely be shouting it from the roof tops by now in a desperate attempt to shore up their reputation.
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Re:Class Action Lawsuit Filed Against Robinhood by paxys on Thursday January 28, 2021 @05:29PM (#25950369)
Doesn't have to be an official order
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