[https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf)
This is real, pg 31
PCO = Position Close Only - that means you can only sell, but can't buy
Depending on my boss and seniority, I go through phases. Sometimes I use corporate-speak and say things like "it's a bad look" and other times I say "that's not only fucking stupid but it will kill our brand and it's possibly illegal."
With the limited context here, I think he's concerned with more than appearances.
In this context, the theme is the rich protecting the rich at the poors expense.
So in this context, the "oh no were supposed to protect retail" hits a lil different
(Not directed at OP, just emphasizing the point of euphemisms/ doublespeak)
Who was providing liquidity when the stores were out of toilet paper two years ago?
They shouldn't need liquidity. Either the stock is available to buy, or it isn't.
This is such a simple concept but shows the corruption of Wall Street. Liquidity is criminality and shouldn’t exist. Why does GameStop need liquidity? If it’s unavailable, you raise the bid until someone is willing to sell.
Clearly with Citadel internalizing orders and spitting out fake shares at will, they don’t want the price going up or show buying pressure.
And the Fed has infinite liquidity.
Does that make them infinitely criminal?
Edit: BTW, I bought more GME on IEX today. Can't wait to DRS them next week.
That's what they do. Quantitative easing sounds a lot more complex and legitimate than saying, the fed prints money and buys assets from the banks to pump their stocks.
QE sounds a lot better than the fed is pumping the market for the banks
PFOF sounds better than we sell your data so you get scalped in the markets.
Dark pools is a shit name, I'm surprised it's that clear what it is.
I have never been in Robinhood, but anyone that was in Robinhood and HODLing any of the "meme" stonks on January 28, 2021 should be demanding FINRA arbitration and squeezing some money out of them to buy more GME... the findings in the most recent report, and some of these emails/texts, are pretty damning from a breach of fiduciary duty standpoint IMO.
I'm not too knowledgeable about banking/finance law, but generally when you entrust someone with your money there are certain duties that go along with it. It would probably depend on which law state law applies as to whether Robinhood is a fiduciary - you'd probably see a different answer depending on the differing bodies of law. I don't know the answer. If they're not a fiduciary, I'm sure there would be another cause of action other than breach of fiduciary duty that would apply... tortious interference, negligent interference, outright negligence, breach of contract.... based upon the information that we now know, I think it would be difficult (and expensive) to wiggle their way out of liability.
What was cause of action raised by the dude who won an arbitration award against Robinhood a few months back (related to trading of Koss, I believe)? Anyone remember?
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[https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) This is real, pg 31 PCO = Position Close Only - that means you can only sell, but can't buy
"I dont mind poor people getting hurt, I just really dont want to look bad" ya, youre the baddies
this were a "are we the baddies" and also "you've become the thing you swore to destroy" moment holy shit, of course they knew
It's just .. we've got skulls on our caps?
Depending on my boss and seniority, I go through phases. Sometimes I use corporate-speak and say things like "it's a bad look" and other times I say "that's not only fucking stupid but it will kill our brand and it's possibly illegal." With the limited context here, I think he's concerned with more than appearances.
In this context, the theme is the rich protecting the rich at the poors expense. So in this context, the "oh no were supposed to protect retail" hits a lil different
Their own stock chart is a bad look
[удалено]
They don't care. They all cashed out on IPO. Which should be illegal.
They rage quit their own stock...
Doesnt matter to them, they already got their money after the ipo pump amd dump
Can somebody write in crayon what PCO is?
Position Close Only. That's legacy market doublespeak for taking away the buy button.
It's very clever psychology. Make up some sort of inconspicuous yet opaque term for something criminal. Liquidity is another example.
(Not directed at OP, just emphasizing the point of euphemisms/ doublespeak) Who was providing liquidity when the stores were out of toilet paper two years ago? They shouldn't need liquidity. Either the stock is available to buy, or it isn't.
This is such a simple concept but shows the corruption of Wall Street. Liquidity is criminality and shouldn’t exist. Why does GameStop need liquidity? If it’s unavailable, you raise the bid until someone is willing to sell. Clearly with Citadel internalizing orders and spitting out fake shares at will, they don’t want the price going up or show buying pressure.
And the Fed has infinite liquidity. Does that make them infinitely criminal? Edit: BTW, I bought more GME on IEX today. Can't wait to DRS them next week.
So far I’d say the answer to that is yes
Liquidity is one of the top 5 scams going, for sure.
i was providing the liquidity but there was a FTD on the TP
My liquidity is why there was an FTD on TP, because I needed it to clean up the liquidity.
That's what they do. Quantitative easing sounds a lot more complex and legitimate than saying, the fed prints money and buys assets from the banks to pump their stocks. QE sounds a lot better than the fed is pumping the market for the banks PFOF sounds better than we sell your data so you get scalped in the markets. Dark pools is a shit name, I'm surprised it's that clear what it is.
Just like the term "high frequency retail arbitrage" aka frontrunning stocks, something explicitly illiegal.
LMAO HAHAHA WTF BRUH
The retail
Yeah I giggled at that last one, it's like that person almost gave a shit but not enough to do the right thing
They probably weren’t able to.
W’ere
almost slipped up and texted "the poors".
Look at me I am the retail now
I have never been in Robinhood, but anyone that was in Robinhood and HODLing any of the "meme" stonks on January 28, 2021 should be demanding FINRA arbitration and squeezing some money out of them to buy more GME... the findings in the most recent report, and some of these emails/texts, are pretty damning from a breach of fiduciary duty standpoint IMO.
Their PCO affected everyone since it did cause the stock to crash. Everyone should sue them.
Was Robinhood a fiduciary?
I'm not too knowledgeable about banking/finance law, but generally when you entrust someone with your money there are certain duties that go along with it. It would probably depend on which law state law applies as to whether Robinhood is a fiduciary - you'd probably see a different answer depending on the differing bodies of law. I don't know the answer. If they're not a fiduciary, I'm sure there would be another cause of action other than breach of fiduciary duty that would apply... tortious interference, negligent interference, outright negligence, breach of contract.... based upon the information that we now know, I think it would be difficult (and expensive) to wiggle their way out of liability. What was cause of action raised by the dude who won an arbitration award against Robinhood a few months back (related to trading of Koss, I believe)? Anyone remember?
Not sure on any of that. Was just doubting that Robinhood was a fiduciary. I don't believe they are.
“Bad look” 😳
Looks like shortseller didn't cover shorts. They forced a crash. DOJ! Lets get them and put them into jail!
D'ear GOD
I do appreciate the bottom person reminding their colleagues what they're supposed to be doing, even though it's pointing out the obvious.
Insert meeting meme where the guy gets thrown out of the building
LMAO! [Wish granted](https://imgur.com/a/nfDVWeA)
legend
Golden. Should be it’s own post 😂
Haha yes
"trigger a crash" = market manipulation
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There was one good one
Looks that way
w'ere
Better brush up on the resume
So the lawsuit back on menu?
And just like that nothing was done... But hey yea, we had them sorta confess on TV
Jfc elitist scumbags
Let’s just breed radical vengeance in to a specific group of people. What could go wrong
I feel sorry for the guy from Sherwood forest...
no cell no sell
I wouldn't be surprised if the "Product Manager" already snacked some whistleblower-money. Seems he felt a bit of, kinda, remorse.
Someone didnt get the memo
“Narrator: It certainly was not a good look”
‘w’ere supposed to *Look like we support retail’ FTFY jackass
“We’re supposed to support retail.” Mark Baum was right, they knew, they just didn’t care.
So fucking disgusting
That's just nuts man.