Re:u/DeepFuckingValue and the GameStop Reddit mania
by ralph84 on Friday January 29, 2021 @07:55PM
(#25964863)
So when people who want to buy and have the funds to buy are prevented from buying by their broker, would the resulting price be one that "does not reflect legitimate forces of supply and demand"?
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Re:u/DeepFuckingValue and the GameStop Reddit mania
by SpicyLemonZest on Friday January 29, 2021 @09:08PM
(#25965299)
In general, no, brokers being unwilling or unable to help facilitate a trade is a legitimate market factor. There's no fundamental right to have people trade with you.
It's would of course be a different story if the broker's unwillingness came from their participation in a price manipulation scheme. I don't think that's really plausible here, although I suppose I wouldn't rule it out given the crazy dumb things Robinhood has done in the past.