Re:Transfer Stocks Out of Your Robinhood Account
by ericpauley on Thursday January 28, 2021 @11:02PM
(#25953720)
So you're arguing that, instead of just disabling buying, they should have disabled buying and selling? That would expose them to far more substantial and direct liability than disabling new positions.
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Re:Transfer Stocks Out of Your Robinhood Account
by fny on Thursday January 28, 2021 @11:12PM
(#25953799)
These securities should have been frozen so people could capitalize enough to supply the liquidity that was demanded instead of just letting institutions buy whatever they needed to cover their positions while forcing liquidations across the board.
Re:Transfer Stocks Out of Your Robinhood Account
by ericpauley on Saturday January 30, 2021 @12:35PM
(#25971029)
Perhaps, but that’s not Robinhood’s call. Under the (likely) assumption that RH had liquidity issues, it’s hard to see what other choice they had.