Re:Statement of SEC Regarding Recent Market Volatility
by acegopher on Friday January 29, 2021 @10:07AM
(#25957953)
No. WSB is not "a regulated entit[y]" that "disadvantage[d] investors or otherwise unduly inhibit[ed] their ability to trade certain securities". Robinhood is and did.
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Re:Statement of SEC Regarding Recent Market Volatility
by jeffbee on Friday January 29, 2021 @10:11AM
(#25957987)
That's the first part but the second part is a separate statement against market manipulation generally. In the law, manipulation is forbidden to anyone, not just brokers and dealers.
Re:Statement of SEC Regarding Recent Market Volatility
by FabHK on Friday January 29, 2021 @11:40AM
(#25959206)
I'd say you might be wrong on both counts:
1. preventing people from buying GME at, whatever, $300 might not have been disadvantaging them, and
2. it might not have been unduly inhibiting their ability to trade, but duly so.
Re:Statement of SEC Regarding Recent Market Volatility
by franklampard on Friday January 29, 2021 @12:07PM
(#25959598)
You are so biased because you think GME is overvalued at $300.
Your bias even makes you defend Robinhood’s action to disable cash accounts buying certain stocks as DULY.
Wow