|
|
|
|
|
by jcaldas
1963 days ago
|
|
As you can see, buys make this worse, sells make it better. Robinhood could not execute buys, because it would increase the deposits they'd need, which they legally must obligate by. Sells, on the other hand, do not have this problem. They would not push the 95% boundary more to the right. I have been trying to analyze this Robinhood story in an unbiased and objective way. My motivation is that I am interested in contemporary history and believe that what we witnessed in these past few days is a historical event. I have a question to those here who are knowledgeable about finance and law (I am certainly not). If my stock trading app stops allowing buying a stock, while still allowing selling a stock, even if this is done purely for technical reasons (see quote at beginning of this comment), am I incurring in market manipulation? To me the answer is evidently yes, but I would like to hear other opinions. |
|