Robinhood has begun selling shares for people's “own good”.

https://twitter.com/redditinvestors/status/1354873550960787466

by tolmasky • 5 years ago

3 4 5 years ago

LatteLazy2• 5 years ago

More info needed.

If it's closing derivative positions that lack margin, that's their right.

If it's selling share positions because other positions have closed at a loss and the account holder hasn't funded that, that's their right too.

But just selling equities seems illegal and highly unlikely.

Given its a screenshot on twitter, I don't think we can assume it's the latter yet.

polka_haunts_us• 5 years ago

The firehose of contextless screenshots, unsubstantiated hearsay, and general freakout is out in full force today. The only thing any of it makes me believe is that it's time to get off the internet for a while.

LatteLazy2• 5 years ago

Yeah. I guess this is the eb and flow of life. I sort of wish we could ban twitter submissions. I've only seen one that's useful in my many years of lurking.

Cest la vie.

Robinhood has begun selling shares for people's “own good”.

Related Stories