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A comment on Ask HN: Can I trust brokers with my stocks?. Parent comment

Re:Ask HN: Can I trust brokers with my stocks? by ex3ndr on Saturday February 20, 2021 @10:13AM (#26204650)
CEO of IBKR openly admitted that they halted GME trading "because stock was too expensive" and will open it again once "it would cost 17$". And laughs in between.

In what world this is "ethical"?

[ Parent | on HN ]
Re:Ask HN: Can I trust brokers with my stocks? by rtlfe on Saturday February 20, 2021 @10:21AM (#26204715)
How is it not ethical? They're stopping people from losing money buying something that is overpriced.
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Re:Ask HN: Can I trust brokers with my stocks? by capableweb on Saturday February 20, 2021 @12:21PM (#26205915)
Isn't the whole purpose of a free market with stock trading that people make those decisions themselves? I've certainly made bad trades in the past, but no one stopped me. Shouldn't I have been stopped as well then?

And if everyone is protected from losing money, we should just disable buying stocks at all for everyone, because you can always lose money.

[ Parent | on HN ]
Re:Ask HN: Can I trust brokers with my stocks? by sideshowb on Saturday February 20, 2021 @12:02PM (#26205698)
But causing people to lose money who already bought it and couldn't sell, presumably
[ Parent | on HN ]