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They banned the buy side by banning the purchase of specific stocks and call options, but allowed people to exit their positions. So all the demand dried up and the supply crushed the stocks, resulting in massive losses on at least GME, AMC, and NOK
I seriously doubt the terms and conditions state that if people are making too much money, the company reserves the right to backstop major institutions at your expense
Last edited by BlakeJones; 01-28-2021 at 10:27 AM..
They banned the buy side by banning the purchase of specific stocks and call options, but allowed people to exit their positions. So all the demand dried up and the demand crushed the stocks, resulting in massive losses on at least GME, AMC, and NOK
I seriously doubt the terms and conditions state that if people are making too much money, the company reserves the right to backstop major institutions at your expense
Yeah that is a pretty ****** thing to do... you're basically saying the stock can only go down
They banned the buy side by banning the purchase of specific stocks and call options, but allowed people to exit their positions. So all the demand dried up and the demand crushed the stocks, resulting in massive losses on at least GME, AMC, and NOK
I seriously doubt the terms and conditions state that if people are making too much money, the company reserves the right to backstop major institutions at your expense
You haven’t established any basis for a lawsuit. Firms place restrictions all the time on opening new positions while still allowing liquidating orders only
You haven’t established any basis for a lawsuit. Firms place restrictions all the time on opening new positions while still allowing liquidating orders only
I'm sure they cleared this move with their legal counsel but they are going to lose a huge chunk of their customer base and their credibility just went down the tubes.
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