Timeline for Why would a financial institution prevent their clients from trading a specific security?
Current License: CC BY-SA 4.0
22 events
| when toggle format | what | by | license | comment | |
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| Jan 29, 2021 at 11:34 | history | protected | JTP - Apologise to Monica♦ | ||
| Jan 29, 2021 at 11:34 | history | removed from network questions | JTP - Apologise to Monica♦ | ||
| Jan 29, 2021 at 6:09 | comment | added | jamesqf | @JS Lavertu: It's arguably kiting because some people persuaded a bunch of gullible people to buy the stock for reasons that have nothing to do with its actual or presumed value. They did so in order to make a profit, or perhaps to cause financial losses to other people (or perhaps both). I'm not a lawyer, but it appears to me that there are reasonable grounds to suspect a criminal conspiracy. | |
| Jan 29, 2021 at 6:00 | history | tweeted | twitter.com/StackFinance/status/1355032932294021122 | ||
| Jan 29, 2021 at 0:09 | comment | added | Dancrumb | @Allure except not all market agents are equal. RobinHood and TDAmeritrade blocked out retail traders. Institutional traders were free to trade. The market was not closed at all. By blocking one class of traders, the market was no longer free | |
| Jan 29, 2021 at 0:05 | answer | added | Allure | timeline score: -1 | |
| Jan 28, 2021 at 23:59 | comment | added | Allure | @MarceloRuizCamauër that's definitely incorrect. If you cannot buy, someone somewhere also cannot sell, and therefore the price does not move. It's the same as the market being closed. The price does not change in that situation. | |
| Jan 28, 2021 at 23:31 | comment | added | Azor Ahai -him- | @jamesqf Lol, I don't have any. | |
| Jan 28, 2021 at 23:09 | comment | added | jamesqf | @Azor Ahai -him-: No, I'm suggesting that the people who started the whole thing were quite possibly engaged in a stock-kiting scheme. You are just one of their gullible victims. | |
| Jan 28, 2021 at 22:21 | comment | added | Marcelo Ruiz Camauër | If you cannot buy, the price will go down, definitely a market manipulation if you can control the popular trading apps like robinhood... I'd like to have that manipulaton power! | |
| Jan 28, 2021 at 20:18 | comment | added | Franck Dernoncourt | @JonathanReez yes what surprises me the most is the discrepancy between brokers | |
| Jan 28, 2021 at 20:14 | comment | added | JonathanReez | Looks like Fidelity still lets you trade $GME. Goes to show which brokers are truly trustworthy. | |
| Jan 28, 2021 at 19:42 | comment | added | Azor Ahai -him- | @jamesqf So you're saying if I see a GME meme and buy it for the lols, I'm suddently part of a criminal conspiracy? | |
| Jan 28, 2021 at 18:28 | comment | added | Criticizing Israel not allowed | Currently trending answer: the large companies which hold GameStop short positions paid them a large amount of money to do so. | |
| Jan 28, 2021 at 18:23 | history | became hot network question | |||
| Jan 28, 2021 at 18:10 | answer | added | paulj | timeline score: 10 | |
| Jan 28, 2021 at 17:40 | comment | added | jamesqf | Consider the possibility that the current trading in GameStop &c might be a criminal conspiracy. See e.g. stock kiting. | |
| Jan 28, 2021 at 11:34 | answer | added | Bob Baerker | timeline score: 12 | |
| Jan 28, 2021 at 11:11 | history | edited | Bob Baerker | CC BY-SA 4.0 |
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| Jan 28, 2021 at 10:18 | comment | added | TomTom | "It would out of place for the financial institution to forcefully obligate their clients to follow some risk mitigation guideline," - and I am quite sure noone in the USA would ever sue their broker fbecause he got f**** in a market like that one we had here. Hm, did happen, does happen, so institutions DO have a responsibility. | |
| Jan 28, 2021 at 9:36 | history | edited | Franck Dernoncourt |
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| Jan 28, 2021 at 9:27 | history | asked | Franck Dernoncourt | CC BY-SA 4.0 |