Quote:
Originally Posted by Cecil Terwilliger
I’m not sure what you mean. I’m talking about the big banks letting people overdraw their accounts with no backstop. That has nothing to do with your ability to place limit orders. This is about banks letting market orders go thru knowing full well the client can’t pay for them and then relying on ignorance and predatory lending to make a profit.
|
Sorry, maybe we're making two different points here. Many Americans aren't able to purchase these over shorted stocks. So yeah, I would have a problem if RobinHood or Charles Schwabb wouldnt let me spend my own earned cash in a Free Market system because it negatively effects their buddies.
If they cut off Margin and Market orders only I could understand that. But not outright denying a simple Limit buy order with my own cash.