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A comment on Statement of SEC Regarding Recent Market Volatility. Parent comment

Re:Statement of SEC Regarding Recent Market Volatility by xd1936 on Friday January 29, 2021 @10:50AM (#25958511)
They over a day to say that. Instead, they decided it was clearer to say "we're temporarily restricting trading due to volatility". If what you said really was the issue... Why not just say that? They're a startup. They'd be forgiven. Why hide behind vagueness?
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Re:Statement of SEC Regarding Recent Market Volatility by partiallypro on Friday January 29, 2021 @11:04AM (#25958691)
I do agree that they bungled the whole thing badly, but I also think they were probably trying to prevent a run on their accounts when they were already cash strapped.
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Re:Statement of SEC Regarding Recent Market Volatility by linuxftw on Friday January 29, 2021 @11:35AM (#25959138)
It's a highly regulated industry. Brokers can't just take actions. Perhaps they hit some regulatory corner case and nobody knows how the SEC is going to react.
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