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by hnaparst 3284 days ago
It is probably also illegal for them to compensate some customers and not others. There are FINRA regulations against that.
1 comments
nodesocket 3284 days ago
If people could get refunds in the US stock market because of flash crashes, algo trading, that sort of doesn't make the market a balanced market anymore.

See 2010 flash crash. "Procter & Gamble in particular dropped nearly 37% before rebounding, within minutes, back to near its original levels. The drop in P&G was broadcast live on CNBC at the time, with commentator Jim Cramer commenting."

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hnaparst 3284 days ago
Exactly. There are a lot of problems with compensating customers who lose money. This is why it is unethical for Financial Advisors to do that.
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