Re:Class Action Lawsuit Filed Against Robinhood
by pgt on Thursday January 28, 2021 @03:35PM
(#25948736)
Thanks for confirming! What happens if this kind of thing happens due to an unintentional bug? Do execs go to jail for market manipulation?
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Re:Class Action Lawsuit Filed Against Robinhood
by lovecg on Thursday January 28, 2021 @03:58PM
(#25949094)
Not a lawyer, but I imagine it’s similar to how industrial accidents are treated. If there was proper due diligence and precautions, and it was truly an “act of God” sort of thing, that’s understandable. If on the other hand their processes are not up to snuff and they moved a bit too fast and broke one too many things, I imagine they wouldn’t be treated as nicely.