Do you not understand that limiting some % of the populations ability to buy would ultimately lead to a reduction in price?

It doesn’t matter that what they did was for “self preservation”. What they did fundamentally hurt the entire group of stockholders, regardless of if someone trades with RH or not. I don’t trade with RH, but my shares went down in price also.

Ultimately this has united a lot of politicians who are not normally very friendly with each other, so it will be interesting to see if RH can wriggle out of any real ramifications from their actions.

They took the side of themselves. The hedge funds are not their customers. They will be facing much regulatory scrutiny.

Don't know all the details, but they were apparently squeezed by DTCC requiring more collaterall forr trades in these securities hence the need yo slow down business and raise more capital.

Plenty of businesess restrict the amount of purchases, and temporarlly restrict at various times.

Lots of entitlement tilt ITT.

Lol. You're the one saying we should be thanking them for restricting trading.

Yes it is retail who are the entitled ones. Clearly.

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The hedge funds are Robinhood's customers though.

I respectfully disagree.

People could liquidate their positions. They were restricted from buying more, or opening positions. People are upset because for a day or so they were restricted from pumping up the stock more. And without that the price came down hard. Problems were fixed, rh raised capital, carry-on. Buy at whatever prices you like.

Trade on more platforms. The activity all concentrated to a few platforms caused issues.

RH had issues. They took steps to protect their business. I dont agree with it. They will be scrutinized for it, and many customers may walk.

I have been watching this stuff unfold from the sidelines, and all I know is it is OSSUM. These dudes are having a good time buying billboards and making some kick ass donations to charity.

True. I'll change my mind. Please keep buying.

Dont know if this is a troll post. But hardly.

Hardly? Either hedge funds are their customers or they are not their customers. There is no hardly. Robinhood's relationship with hedge funds is in direct conflict with the fiduciary duty Robinhood has to customers that trade on the Robinhood platform.

If Janet Yellen has it her way the only regulatory action taken will be against the Reddit guys for colluding against the hedge funds.

You probably thought the people responsible for the financial crisis would be prosecuted too lol

Respectfully, your position on this is not very respectable.

RH sells data from their customers trades. Do you think the big hedge funds are buying?

https://www.institutionalinvestor.co...g-It-for-Years

https://www.forbes.com/sites/jeffkau...h=19175b26268d

I don't trade on RH. I do trade on multiple platforms. I actually made money in GME. But I'm upset at the principal of what happened. I think it's bad for business and disagree with people that think it was fine.

Would you like it if the government forced you to not leave your house for a week due to covid? For your protection.

And when you complain they sarcastically reply, "We'll change our mind. Please keep leaving the house."

To tax unrealized gains.

Lol nice troll

Cohen can eat it. Hedge funds have been screwing us all for years. He’s such a snowflake - Elon or someone took him on and he got so butthurt that he quit Twitter.

RH is paid to route their customer orders to broker dealers or exchanges and is still obligated to ensure and monitor for best execution.

Those other brokers/exchanges are not by definition customers of RH.

RH charges its customers which are vastly retail nothing, and gets revenue by other streams such as PFOF and hypothecation of securities on deposit and loans to its customers. All of this is well known to its customers.

Hedge funds are not broker dealers. They are a type of asset manager, and trade thtough institutional brokers/prime broker such as Goldman, Jp Morgan, Credit Suisse, Pershing, deutch bank. Those investment banks have many product lines servicing hedge funds whether through LLDMA, ALGO, Program Trading, Alternative Trading Systems etc.

If RH has an institutional / prime business it is tiny in comparison to its retail flow.

Hedge funds buy market data from many sources as do broker dealers and many market participants. But they can't buy order flow and execute orders themselves. If folks are thinking Citadel, they are a broker acting as a registered market maker (not a hedge fund) and although they pay for order flow, they also provide price improvement (better prices than the NBBO) for many orders and provide liquidity (Take the other side using there own capital) as a value added service for the orders it obtains.

I don't work for Citadel or RH, but I do work as an analyst on regulatory reporting for equities trading at a major investment bank...

Again, I don't codone RH actions. I do believe running up troubled stocks 1000% is a strategy that wont end well for many.

So what you're saying is that you are a pee-on working for the big banks and you stand to make a lot of money from these hedge fund *******s in the future (not to be confused with the *******s you currently work with and for). Enough said.

And lol @ this. You still don't get this. Sounds as clueless as the hedge funds that have continued shorting the stock.

So are you buying GME at 150, and moreat 300, and More at 500, 700 etc??? You think that is a sound strategy. When the shorts have covered what is your exit strategy? who will buy and at what price? no fundamental investors are buying...

There is no exit strategy. This is a buy and hold play. The goal is not to make money.

Who cares? The point is you shouldn't restrict the buying of a stock so you can affect the price movement. Particularly when that benefits those that are jacked up in money losing short position.

You're basically like a person complaining that some fish hit his flush draw too many times so now he isn't allowed to call with a draw or speculative hand pf. Restrict him to only playing AA and KK to protect him.

go chiefs

This would help the majority of players save money

Happy to do some quoting but I vaguely recall a lot of people in here unloading a big chunk of their index funds 6-8 months ago. They have been consistently and completely wrong, NTTAWWT.

But I can guarantee you these same people are going to be bragging in here when the market crashes seeing they saw it coming lol.

congrats in advance

everyone else is lucky, I’m sure that’s it