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RE: Just Got a Lovely Letter From Robinhood.

in LeoFinance4 years ago

Total manipulation. They knew that shit was hitting the fan and I am almost positive that the buy halting was not at all in favor of people like you and I but to favor the big hedge funds and banks that are destroying stocks with this method. The way the hedge funds and brokers pay less money is when the stock price goes down. If it doesn't go down, in comes the interest!

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That's pretty much the way I'm seeing it too. Apparently it was on the orders of the Clearinghouse that actually executes the trades. Still, I don't think they had "our" best interest at heart.