What specific laws might Robinhood or other brokers have broken by barring smaller investors from buying GameStop?

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The Politicus
Feb 24, 2022 01:10 AM 0 Answers
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In early, 2021 there were reports that Robinhood might have banned small investors from buying stock in companies like GameStop. In cases such as these what exact laws could come into play?

Also, what if companies like Robinhood genuinely had problems with their server which affected all users at a particular time. Couldn't this also be a means of collusion or market manipulation by stopping everyone to buy?

https://www.theverge.com/2021/1/28/22254584/gamestop-robinhood-short-reddit-wallstreetbets-aoc-ted-cruz
https://www.nytimes.com/2021/02/19/business/dealbook/robinhood-hearing-congress.html

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  • February 24, 2022