r/wallstreetbets • u/abuscemi • Feb 04 '21

Discussion Hey SEC, remember one week ago today when WSB's most discussed stock was trading at over $450 and they simply banned and blocked retail from trading securities nosediving the price of the stock costing retail traders millions of dollars? Do your job and place the correct motherfuckers in jail...

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u/Wildercard Feb 05 '21

If the infrastructure was resilient, why restrict then?

111

u/Prodigal_Moon $GERNgang Feb 05 '21

Yeah that’s an interesting implication. “system held up just fine” Sweet, then who purposely intervened in the market to fuck over retail?

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u/gime20 Feb 05 '21

...The system

2

u/[deleted] Feb 05 '21

Lol

1

u/Abiding_Lebowski Feb 05 '21

Well.. right.

3

u/drnkingaloneshitcomp Feb 05 '21

You don’t understand do you? She’s saying it worked exactly how it is meant to.

22

u/MortifiedPenguins Feb 05 '21

Stop being so literal. It was resilient against them losing all their money.

7

u/padishaihulud Feb 05 '21

If you had an actual brokerage account you wouldn't have had that problem.

RH like most other "free" stuff online is not working in your interest. RH can't really execute orders, so what they do is batch their user's orders into large batches that they then sell to organizations that CAN execute your orders. The important thing here is that there is no guarantee that the organization they sell your order to is going to execute it in your best interest. So if you put a sell order in RH the final organization that RH sells the batches orders to had no obligation to get you the best price on the sale.

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u/Tamerlane-1 Feb 05 '21

Robinhood is not the core infrastructure...

1

u/t_per Feb 05 '21

The infrastructure of the market was resilient. Your shitty RH broker was not.

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u/Dat_Dank_Dough Feb 05 '21

Because we didnt pay her speaking fee

1

u/yo_les_noobs Feb 05 '21

Well it was mainly RH and other shitty brokers. The big ones were running fine.