Robinhood is not the only broker. Interactive broker pull the plug on it today too.
Basically any broker associated with Citadel pull the plug on retail today.

For those with account there. Watch for the class action lawsuit

Saw a report that Trading sites took in $400 million in fees through this whole thing thus far... so they still win in the end

Great that will do well against their 14 billion in loses so far.

short ratio and interest went up today so they reopen new short on GME at some point today.

Tomorrow is going to be interesting.

Trading sites didn't lose $14 billion, hedge funds did

is it just me or has robinhood's reasoning for the restrictions changed a few times?
one of the reasons was something related to financial loss incurred by record transactions, another was regulatory scrutiny, and now whistleblowers are saying that it was pressure from sequoia capital and the white house.

it definitely could not have been financial from their bottom line, because they've just commited platform suicide. if it was regulatory, why did it happen 30m before market open, totally blindsiding investors, and why not halt trading rather than only allow selling?

Citadel (the market maker Robin Hood uses) is the one who bailed out Melvin Capital (along with Steve Cohen who was busted for insider trading not long ago). So they are basically the hedge funds... It's all connected

Americans need to switch to a non Citadel platform or they'll get fucked

Oh oops I totally read that wrong.

Robinhood has no fee thou. Their business is selling customer data to MM such as Citadel so they can hunt stop loss on retailer

The battle wasn’t against broker to begin with. Good to see them making money out of this but most of them did not keep their integrity and gave in to the big boys

Citadel is a market maker.

Robinhood’s main customer. They buy data from Robinhood

Right so if they refuse to sell certain stocks Robin Hood customers, then Robin Hood has to deny service to their customers right?

Also if this is true

Uhg..went against my plan and sold AMC to stop the bleeding. now dat after hours gains :(

Tom might be crazy

I did the same, but what's to stop them from doing the same thing tomorrow?

I bought in today, hoping for the best tomorrow

this entire situation goes adamantly against my investing philosophy.. but at the same time, I see the potential progress rendered from exposing the hedge fund short system.

that said, I'm torn on whether to participate.

exit strategy is going to be key here.

Based on all of the interviews today from the various c-suite brokerage execs it appears that there is some sort of liquidity issue. Assuming that's actually the reason why, now we have a precedent to do this again to "protect the company and the customer." GME is now $350 AH. What happens tomorrow, if GME opens up in this range?

This is now beyond investing though. Like threezero said, it's the real Occupy Wallstreet. People are buying GME and holding it hostage in protest. As long as most people went in with that strategy, it is going to be massively disruptive

If you're looking at this as an opportunity to make some money... well sure people are going to take that risk. But it kind of goes against why it's happening in the first (well maybe second) place

Bought back in for shits and giggles. No ragrets.

Are you guys buying AH? And if so, with which platform?

Vlad Tenev (co-founder & ceo of Robinhood) on BNN right now...

more 'umms' and 'ahhs' than a Jim Benning press conference.

The hedge funds/Citadel are in a world of hurt if this opens at $350. They'll try and do another ladder attack again tomorrow I'm sure, but at some point they will be running out of ammo, especially if people are just holding their shares.

For what it's worth, I'm extremely biased. I'm up over 500% on my initial investment and can potentially retire if this goes parabolic.

What started as a meme and a joke back in November may actually change my family's life.

I tried to buy in AMC right at 1:00 on the dot but couldn't beat the buzzer and got my transaction voided. If it spikes tomorrow I'm going to be sad :okay:

Robinhood CEO states they did not collude with hedge funds. Its up to you to believe him or not. And if it makes you feel any better, New York Attorney General Letitia James is looking into this case. https://ag.ny.gov/press-release/2021...d-app-activity

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https://edition.cnn.com/business/liv...eet/index.html

Robinhood CEO: 'We absolutely did not' restrict GameStop trading at the direction of a hedge fund

Robinhood CEO Vlad Tenev explained what he called the platform's "very difficult decision" to restrict buying of GameStop (GME) and about a dozen other securities during a Thursday evening interview on CNBC.

He said the decision was made in response to requirements Robinhood must adhere to as a brokerage firm.

"We have lots of financial requirements, including SEC net capital requirements and clearinghouse deposits — that’s money that we have to deposit at various clearinghouses," Tenev said. He added that such requirements can fluctuate based on market volatility and can be "substantial in the current environment where there’s ... a lot of concentrated activity in these names that have been going viral on social media."

He added: "In order to protect the firm and protect our customers, we had to limit buying in these stocks."

Tenev also shot down speculation spread on social media Thursday that Robinhood restricted regular trading of the volatile stocks at the request of large Wall Street firms. One Robinhood user alleged in a class action lawsuit filed against the trading platform Thursday that the move was made "knowingly to manipulate the market for the benefit of people and financial institutions who were not Robinhood’s customers."

If you want your order filled at closing price use market-on-close (MOC) or limit-on-close (LOC) order via your broker/platform at least 15 mins prior to closing. Around the market closing time, exchanges do an auction to fill as many buy/sell orders as possible. MOC basically means you are willing to pay whatever price the auction dictates (potentially dangerous) and LOC means you are willing to pay up to a certain price (order potentially unfilled).

what benefit does that add to a broker for controlled trading?? serious question.


edit: did some reading... i fucking hope for those who are on the class action lawsuit get what they want out of it.. the information is fact, they shouldn't be allowed to control the market.