Re:Class Action Lawsuit Filed Against Robinhood
by Ericson2314 on Thursday January 28, 2021 @03:23PM
(#25948502)
Then they should have blocked all trading, not just buying. The benevolent story just doesn't hold up.
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Re:Class Action Lawsuit Filed Against Robinhood
by betterunix2 on Thursday January 28, 2021 @03:30PM
(#25948637)
They blocked the opening of new positions. You can still buy if it results in a short position being closed. Pretty typical move, almost certainly done to protect themselves from scrutiny by the SEC and CFPB.