So the most liquid and sophisticated financial markets in the world cant handle people buying stocks? lol https://www.zerohedge.com/markets/robinhood-caps-maximum-holdings-36-stocks-just-one-share
It's amazing, how it never stops to amaze. ,,...Make it seem that it's not about em,- mix GME between bunch of other names. - Understood. - Any news from TDA ? - No Sir. - What about IB ? - The ban on puts was a success. - Good. - So what's next Sir...? - Don't know...We need something Big. Call that 32 y.o blogger and tell him to release something bad about their CEO. Through Bloomberg. - Bad like... ? - I DON'T KNOW. Tell him that we got a video of him, sleeping all drunk on sidewalk at fift avenue. We will deep fake it. Come up with something. Who cares." You know what would be a great play, if in reality all of em had a shared pledge, in the end, to bail out those like Melvin, in order to lure in those retailers into GME. Best way to sell - make someone to believer that it was theirs idea.
Robinhood is emblematic of the gradual degradation of financial markets into a low-rent casino. There's not even the pretense that what's going on is serious business. My opinion is that the industry is shooting itself in the foot right now, and many changes will be implemented after the next thundering crash. Some or all of: a transaction tax, PFOF ban, restrictions on who can have a brokerage account (minimum account size, or accredited investors only), and bans on retail trading of options and futures.
Wouldn't that be a shooting against the remaining healthy foot, because competition is brewing all over the globe ? EU fintech sector blossoming etc.
What the fuck are you talking about? What does no cost trading have to do with this? TDA and IBKR have it restricted as well........
They expanded the list to hide their manipulation crimes and claim "see, we didn't just ban trading on these short squeeze assets your honor".