Don’t think there is any law that says they have to offer all the stocks, no.
For example some brokerages won’t let you buy levered ETFs.
The battle over $320
Just add it to the “this is fucked up” list.
So how does the shorts thing work, do the hedgefunds owe more the higher the stock is when their positions close?
Also it’s only some of their positions that close today right? So GME needs to keep this up for awhile to fully wipe them out?
Does anybody know a publicly traded firm that manufactures guillotines?
I think its more of a contract dispute. If they were totally silent on the restrictions in their agreement with investors then its all about reasonable expectations etc. If their contract fine print said they could restrict the securities on their platform at their discretion and with no notice then the investors will have to vote with their feet I think.
Why? I don’t think all brokerages allow trading in like unlisted penny stocks either? The remedy if you don’t like it is to find a better broker.
Well, I think if the firm doesn’t trade in a group of equities it makes perfect sense, but to just decide to limit specific equities that they trade in seems a bit fucked up.
That’s a little different. Trading on exchanges vs OTC is fundamentally different, its perfectly reasonable that a broker would do one but not both. Demanding all brokers do both would be like demanding all Italian restaurants also serve sushi.
I don’t see why it’s “fucked up”. I mean it seems super Mickey Mouse but it’s not causing the harm that people imagine here.
Time for another woefully inaccurate prediction - close >320 and this turd is going to absolutely moon AH
This really ought to be obvious when the service is free.
I feel like a graph of Riverman’s opinion of Chamath probably looks a lot like GME in the last few days.
Oh snap i didn’t know there were after hours on fridays. It’s not like that for futures.
Aren’t almost all other brokers free now? How are they making their money?
Payment for order flow.
Also net interest margin on cash people leave in their accounts.