Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> Legally speaking

Do you actually know the rules? Brokers are highly-regulated, and their job is to give a fair trading platform.



> Do you actually know the rules?

Brokers have been doing this for decades; it's clearly within the bounds of what they are allowed to do [0]. Maybe this lawsuit can prove that they are conspiring with hedge funds to manipulate the market (which would be illegal), but just this act alone is not illegal.

[0] https://www.cnet.com/personal-finance/robinhood-app-td-ameri...


Short squeezes happen all the time and RH does absolutely nothing about it. The only time they stepped in was when their partner (Citadel) had an investment in a firm that was losing billions of dollars. I think the burden is on them to prove this wasn't manipulation because it's otherwise so blatant.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: