Re:Robinhood is facing nearly 50 lawsuits over GameStop frenzy
by gruez on Wednesday March 03, 2021 @09:21AM
(#26328603)
>In this case, evidence of illegal shorts is what one would need to provide to back their claim
Okay, what's the evidence of illegal shorts?
Re:Robinhood is facing nearly 50 lawsuits over GameStop frenzy
by Swenrekcah on Wednesday March 03, 2021 @03:04PM
(#26333645)
Everything I (think I) know about this I have learned in the last few weeks so take this with a grain of salt, but I understand that GME shares have failed to deliver a lot which can be evidence of naked shorts which are supposedly illegal.
If I say that someone stole the Declaration of Independence, then I would only need to provide evidence it was stolen, not evidence that shows some particular person stole it.
In this case, evidence of illegal shorts is what one would need to provide to back their claim, not evidence that a specific firm engaged in illegal shorts.