Alleged Market Manipulation Generates Talk of Lawsuits
Posted: Thu Jan 28, 2021 12:36 pm
With the upsurge in purchases of highly shorted stocks, hedge funds have influenced platforms like Robinhood and Citadel to tamp down the continued purchasing of shares in Gamestop, Blackberry, AMC theaters, and more. Meanwhile, several hedge fund interests are not blocked from buying shares.
With the halt on trading enforced by some platforms, there are now calls for a class action lawsuit against platforms like Robinhood, in addition to users reporting the alleged market manipulation to the SEC and FINRA. What do you think of the ongoing dispute? Should there be legal consequences for platforms that engage in alleged market manipulation?
With the halt on trading enforced by some platforms, there are now calls for a class action lawsuit against platforms like Robinhood, in addition to users reporting the alleged market manipulation to the SEC and FINRA. What do you think of the ongoing dispute? Should there be legal consequences for platforms that engage in alleged market manipulation?