ROBINHOOD BLOCKS GAME PASSWORD
ROBINHOOD BLOCKS GAME FREE

Today, investors are being damaged by not being able to access the markets and buy more shares (which may be market manipulation under 7 USC §9(3) or 15 USC §78i(a)(2) since they are artificially affecting demand for multiple securities). I’m thinking failure to execute orders that it had received (yesterday) and denying access to markets with the end result of damaging investors by excluding them from the markets.įor yesterday, RH seems to be in violation of FINRA Rule 5310, which states that RH “must make every effort to execute a marketable customer order that it receives promptly and fully.” Many people had orders that were entered and then cancelled yesterday. Their steps inherently benefitted one party, as opposed to any sort of neutrality. If they thought what was happening was illegal and really felt the need to step in, they could have allowed equality throughout the shares and not allowed the purchase or sell. Robinhood not allowing anyone to buy, but to still allow them to SELL shows their priority. If they believed that illegal activity was happening, they would have already suspended trade for 10 days to investigate.

Now this has been going on for weeks, and the SEC has known about it and there has been no action. If the government thinks illegal activity is afoot it is their job to step in, not the private sector.

It is not their job to shut down the sales of something they think is sketchy.

ROBINHOOD BLOCKS GAME FREE

I really don’t think the SEC is looking into the investors, but now the collusion between the companies that bailed out Melvin, and had a stake in this, and got other institutions to shut down the sale of the the stock.Īll of that aside, Robinhood is free from liability for its users “abusing” a stock or any sort of behavior of its users, just as Reddit is free from liability when a subreddit hunts down an innocent man as a suspect for the Boston bombing and drives him to kill himself. That’s literally what hedge funds do themselves, constantly, on most investments as a group. That’s people exercising their free speech. What are your opinions?” And then people realizing that and deciding to hop aboard is no a “coordinated effort”. This might be an honest to goodness democratic revolt against institutional investors and shorts in particular, but I can easily see someone with a warehouse of bots replicating this scenario to manipulate the market for their own benefit or even just to sow chaos into global markets.Ĭoordinated? People saying “hey guys look at what I noticed about this company, it seems like a good investment. I do think we need to be incredibly cautious in this situation. The platforms like Robinhood are certainly worried about their own liability for allowing and facilitating such manipulation. It does seem like a textbook example of the type of manipulation that the SEC was established to prevent. It might also be illegal (and someone please correct me or fill in details) to whip up the market just to make sure another investor loses, in this case the ones who shorted GME. That was a huge problem in the 1920s that led to the ‘33 and ‘34 Acts. I do know that you can’t buy a bunch of a particular stock, whip up the public to buy the same stock (prime the market), and then sell your initial investment for a huge profit. They facilitate a service.I only just took securities regulation so I know almost nothing but maybe I can start the discussion. They don't have a fiduciary obligation to their clients. 'At the end of the day, Robinhood is a business. 'Sure, Robinhood will tell you if you go to their website they have blogs and articles about investing, but that's no different than any other brokerage,' Boneparth says. The financial expert pointed to the case of 20-year-old Alexander Kearns, who died by suicide after thinking he lost $730,000 on Robinhood. That, according to Boneparth, may be a disservice to its users. The risks of using Robinhood to buy, sell, and trade stocksĪnyone can sign up and create a trading account with Robinhood within minutes, without any real training on the stock market or educational resources on how investing works.

ROBINHOOD BLOCKS GAME PASSWORD

Quick tip: Of course, you should always take data security into your own hands by using a strong password that you change regularly.

Once you verify your banking information, Robinhood says it will 'never access them again.' The app also offers two-factor authentication via SMS text message and third-party authentication apps for additional security protection. Finally, Robinhood ensures its users that their passwords and 'sensitive details' are encrypted.

Robinhood blocks game