On: Statement of SEC Regarding Recent Market Volatilit...

[adjkant]

IANAL but some possible reasons:

1. For lying about that reason to customers

2. for not shutting down all trading on their app (allowing sells of GME without manipulated the market, even if blocking sells would also have bad effects)

3. For allegedly tipping off Citadel before shutting off GME trading (unconfirmed but they will likely investigate this claim)

[youkoulele → adjkant]

Yeah it's worth investigating if they are at fault somewhere.

But many people seem to think that the SEC will punish them simply because they stopped allowing people to buy more GME.

[zamadatix → youkoulele]

I think everyone knows it wasn't simply that though, hence the outrage.