I haven't tallied the actual financial impact of these options trades, but naked shorting is illegal, to the best of my knowledge. As such, recouping should be possible through clawback of the stocks written upon. If, on the other hand, they have permitted the writing of naked shorts, those brokers that have permitted the same should suffer the loss if they cannot liquidate the position upon which options were written.
$GME and its like: I am watching Thos. Peterffy of #InterActiveBrokers on Bloomberg who shut down trading by retail on this short squeeze and options. I had considered a switch to his platform, but his poor defense of his actions and the disproportionate effect on retail investors is morally indefensible. I don't trade this stock or its options, but I would never trade on #RobinHood, #IAB, or #ETrade for this action. They are fine with the short shenanigans of large traders, but when retail profits they shut it down. They should all go down in a fiery then smoldering, continued, very expensive litigation. The market is, clearly, rigged against smaller players and this is perpetuated by the brokerages that serve them. Liquidate SAC or those who made naked shorts, not those who saw their error and tried to, very legitimately, profit.
I tried to buy $CYDY based on your recommendation, but e-trade, which is supposedly commission free, would have charged me a commission. Any idea why? They haven't charged me commissions on any other stocks I've bought through them. I emailed to enquire but never heard back.
Why is your current financial situation the site's fault? We're all suffering during the pandemic. you think you are alone? Both my wife and I lost our jobs back in March and we have four kids to feed and rent to pay. But you can decide what to do with your time. No one makes you write here. Go get a job. Be a greeter at Walmart.
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Crackdown Arrives: Interactive Brokers Joins Robinhood, Blocks Buying Of Gamestop, AMC, Others
I haven't tallied the actual financial impact of these options trades, but naked shorting is illegal, to the best of my knowledge. As such, recouping should be possible through clawback of the stocks written upon. If, on the other hand, they have permitted the writing of naked shorts, those brokers that have permitted the same should suffer the loss if they cannot liquidate the position upon which options were written.
Crackdown Arrives: Interactive Brokers Joins Robinhood, Blocks Buying Of Gamestop, AMC, Others
Liquidation of accounts is automated. Mr. Peterffy is concerned not a whit with the integrity of markets. He's concerned with his vast fortune.
Crackdown Arrives: Interactive Brokers Joins Robinhood, Blocks Buying Of Gamestop, AMC, Others
$GME and its like: I am watching Thos. Peterffy of #InterActiveBrokers on Bloomberg who shut down trading by retail on this short squeeze and options. I had considered a switch to his platform, but his poor defense of his actions and the disproportionate effect on retail investors is morally indefensible. I don't trade this stock or its options, but I would never trade on #RobinHood, #IAB, or #ETrade for this action. They are fine with the short shenanigans of large traders, but when retail profits they shut it down. They should all go down in a fiery then smoldering, continued, very expensive litigation. The market is, clearly, rigged against smaller players and this is perpetuated by the brokerages that serve them. Liquidate SAC or those who made naked shorts, not those who saw their error and tried to, very legitimately, profit.
Technology & Energy Sectors Are Hot – Are You Missing Out?
Yes, sadly millions of us have lost our income due to Covid and are missing out on these rallies.
Is There A Light At The End Of The Tunnel For A COVID-19 Therapeutic?
I don't think e-trade works like that. Your 2nd answer makes more sense. Thanks.
Is There A Light At The End Of The Tunnel For A COVID-19 Therapeutic?
I tried to buy $CYDY based on your recommendation, but e-trade, which is supposedly commission free, would have charged me a commission. Any idea why? They haven't charged me commissions on any other stocks I've bought through them. I emailed to enquire but never heard back.
Sometimes I Throw Out My Degree, But Not Often
Why is your current financial situation the site's fault? We're all suffering during the pandemic. you think you are alone? Both my wife and I lost our jobs back in March and we have four kids to feed and rent to pay. But you can decide what to do with your time. No one makes you write here. Go get a job. Be a greeter at Walmart.
Ripple Price Forecast: XRP Getting Ready For A 50% Upswing As Consolidation Hits The Elastic Limit
I finally bought some cryptocurrency for the first time... literally the day before this was announced!
Is Bitcoin The Model-T Of Money?
If you think "cash is trash," I'm happy to take all of yours off your hands! ;-)
Economic Slowdown Deepens (Double Dip Recession?)
With more stimulus money coming, we'll see a much better jobs report soon.