Leader of Interactive Brokers ADMITS that shutting down buys in #GME #AMC #EXPR was to protect short sellers because a squeeze can keep going and going. Ban shorting if they don’t know/can’t take the risk of it. - Conspiracies

Leader of Interactive Brokers ADMITS that shutting down buys in #GME #AMC #EXPR was to protect short sellers because a squeeze can keep going and going. Ban shorting if they don’t know/can’t take the risk of it. (nitter.net)

posted 3 years ago by axolotl_peyotl 3 years ago by axolotl_peyotl +49 / -3

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– schiff_for_brains 1 point 3 years ago +1 / -0

I bet Robinhood hypothecated (made up) shares it didn’t buy for customer accounts. They effectively took on billions in liabilities and had to force their customers to sell in order to reduce them.

I remember Patrick Byrne saying his stock was one of the most manipulated on the market in similar fashion. There would never be an accurate price in the market so long as people were buying and selling more stock than exists.

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