First they group-traded GME now they are group-suing Robinhood

Discussion in 'Wall St. News' started by JSOP, Apr 21, 2021.

  1. JSOP

    JSOP

    guru and Nobert like this.
  2. JSOP

    JSOP

    Hope they don't go into arbitrations cuz that's an insult to the investors who lost major investment opportunities because of Robinhood and other brokerages' concerted efforts in destroying the market. Robinhood was restricting buying of GME and AMC shares to just 1 share for investors who had ample cash to buy more so they posed no risk, no counterparty risk. This is nothing different from highway robbery. These investors were literally robbed of potential profit. I hope Robinhood and other brokerages will lose and pay punitive damages to these investors to compensate for their damages and send a loud-and-clear message to all: You do NOT shut down the market. And then Robinhood and the other brokerages can turn around and launch class-action lawsuits to sue DTCC for unfair dealing and conspiracy to disrupt an orderly market and negligent and failure to keep an orderly market.
     
  3. Butterfly

    Butterfly

    RH will piss in the wind LOL :)