Politicians are people who argue for or against new laws modifying existing regulations. When a company (pretending to go ipo no less) fails to protect itself and its clients from adverse market conditions, either due to incompetence or lack of proper regulations, it behooves politicians to determine what must be done to prevent such from occurring again. Are we OK there?
The answer to all of this is not to trade on margin if you can't accept the risk. Over 22 years of trading margin has fucked me a couple of times. If you're trading on someone else's money...they have discretion. Im not saying what happened with RH is good but when you trade on margin you take higher risk obviously. It sucks...but you could have simply choose to trade other instruments. Take responsibility or move to a better house.
So what you're saying is, it's on me. TD has no accountability, move on. It's like I buy a car, find defects after it rolls out of the dealership but forget asking for reparation, shit happens?
You know we could make a movie about this...Run it at AMC theaters, once they open. We can call it "Margin Call"...