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by guerrilla 1968 days ago
Is this really legal? This is the fourth report of such a thing I've heard.
3 comments

It depends on the circumstance. Broadly, for straight equity position, they can close it if you owe them money (on other positions) or you haven't met your legal requirements (letting documents expire etc) or they think your abusing the T&Cs.

The fact this says "market volatility" is very suspect. That's not a reason to close my position unless I had a sell order in anyway but it went through with a bad price.

The fact its one screenshot from a twitter thread full of outrage about elites and 12 year old bailouts makes me suspect the user is just unhappy and there is likely good reason his position was closed.

No, if they are selling stock, but in the context of short positions, yes, as a margin call.
yes