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by Jouvence 1968 days ago
Nonsense. People are allowed to make bad trades every second of every day without protection from the platform; but now they develop a conscience and save people from themselves? If this is true, RH and other platforms pulling smiliar stunts should be sued out of existence. Might not be a bad idea to significantly increase taxation on derivatives trading too.
2 comments

but now they develop a conscience and save people from themselves?

No, RH is saving their own asses from the poor financial decisions of their clients. They don't want to be on the hook when those accounts crater along with GME.

If this is true, RH and other platforms pulling smiliar stunts should be sued out of existence.

Take it up with the SEC. Oh, wait, the SEC is at least partially responsible for such rules being in place. It's a conspiracy, I tell ya!

It’s easy to develop a conscience (or the functional equivalent) when you know regulators and press have you in their sights, so yes.