Quote:
Originally Posted by Cecil Terwilliger
How is it market manipulation to refuse to allow people to borrow money to invest? Shouldn’t leveraging be explicitly disclosed and agreed to by the client on each trade? Why wouldn’t they just reject the entire trade?
It’s always seemed like a loophole to me. To benefit the banks of course.
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Your assuming everyone is using a margin account or putting in a market order. If I have 10k in my account and I wanna throw all of it in a limit order on a stock I should be able too.
I can understand certain things being capped. But if I have the money and you wont let me buy it thats BS.
disclaimer- I dont think this WSB is good in the long run or at all really. And aside from throwing a little fun money on AMC for ####s and giggles Im not involved in this squeeze the shorts hold til we die scheme. But if people wanna spend their money you should be allowed too. Just because wallstreet is getting some of their tricks thrown back at them to push pricing in a profitable position isnt a good enough justification to do what they are doing here.