Now they made enemies of most of their clients. I bet not more than few weeks before you will see advertising from big shot lawyers on national TV welcoming you into class action lawsuits. Frankly, I am terribly disgusted by this news from Robinhood and I hope they will be sued into eternity... and then hopefully DOJ step in an see what they did was illegal. If you have Robinhood account, write you state AG. Show your outrage in writing so they can also get involved.
What if you're not a user and these trade restrictions affected your trades outside of the RH platform?
It's illegal to dump products on a market (physical products) below price... yet some a-hole can force their plaform into "sell-only" mode and it's all cool.
Exactly how is it legal to forego your right to a fair trial on an "agreement" between two parties who for any intents and purposes do not know each other?
there are lots of other ways to trade stocks and they will all limit your ability to trade any old thing depending on the state of the market, the state of your balance sheet, the state of their balance sheet. why do you care about one particular crappy retail broker?
