(01-29-2021, 11:59 AM)flsprtsgod Wrote:

(01-29-2021, 11:27 AM)jagibelieve Wrote: Robinhood and other brokerages didn't restrict trade on those select securities to "protect the short sellers".  They essentially did it to protect themselves.  Is it right?  In my opinion no.  Is it illegal?  I'm not so sure.

It seems pretty clear they did it to protect their largest clients, as noted by the fact that Robinhood put out sell orders that the owners did not ask for nor could they cancel. By forcing the sale they gave the stock back to the Short Sellers.

And they restricted accounts from buying gme...but you could damn sure sell it. 

Citadel owns something like 40% of robinhood. Citadel fronted Melvin capital 2.something billion dollars to bail them out very recently. The same Melvin capital that’s the target of the Reddit stock brigade right now. Yeah, I’m sure it’s just a coincidence that they stopped traders from buying yesterday, and now only allowing them to buy five shares today.

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