Cướp của người nghèo và chia cho người giàu? Robinhood gây ra phản ứng dữ dội sau khi hạn chế giao dịch

Mere hours after once popular trading app Robinhood announced it would be suspending purchases of stocks pushed by retail investors on Reddit, and the community backlash has been swift and harsh.

This morning, Robinhood said it had restricted transactions for American Airlines, AMC Entertainment, Blackberry, Best Buy, Castor Maritime, Express, GameStop, Koss Corporation, Naked Brand Group, Nokia, Sundial Growers, Tootsie Roll Industries, and trivago N.V.

Though the trading app claimed the action was due to “significant market volatility,” the timing is suspicious given many of the stocks in question were ones pumped by Redditors initially going up against major Wall Street traders short-selling GameStop stock, and later turning their attention to AMC, Blackberry, và những người khác. Average investors purchasing just a few shares or more helped push the price of GME to new all-time highs in the midst of a pandemic when fewer are buying from brick and mortar stores.

Given Robinhood’s mission statement on how “everyone should have access to the financial markets” and trying to “democratize finance for all,” restricting trades for such stocks in the middle of massive numbers of purchases from individuals makes it seem like the platform’s management is being hypocritical: not allowing average investors to fight back against billion-dollar hedge funds manipulating the market by short-selling stocks.

In response, lawmakers, major industry players, and even celebrities are piling on criticism of Robinhood.

Two Congresswomen, Democratic representatives Rashida Tlaib and Alexandria Ocasio-Cortez, have called for the U.S. House of Representatives Financial Services Committee to look into the trading platform’s actions and alleged market manipulation. Ted Cruz, a Republican Senator who is currently being considered as a target of an ethics investigation for his alleged role in the terrorist attack on the U.S. Capitol, said he agreed with AOC’s assessment of the situation.

Dave Portnoy, người sáng lập Barstool Sports, người đã tham gia vào không gian tiền điện tử một thời gian ngắn vào năm ngoái, is calling for Robinhood’s team to be jailed given its attempts to interfere in the free market:

“Robinhood’s entire business model is to cater to the exact people they are now trying to fwith and scare into selling,” said Portnoy. “They will never recover from this.”

A group of investors has already taken legal action. Today in the Southern District of New York, a class-action complaint was filed against Robinhood for restricting GME stock trades “in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market and manipulating the open-market.”

Tuy nhiên, some experts are questioning the legality of Redditorsconspiringto raise the price of these stocks. Preston Byrne, a partner at New York-based law firm Anderson Kill, said the retail investors’ actions may violate laws falling under the regulatory umbrella of the U.S. Ủy ban Chứng khoán và Giao dịch.

“If two traders conspired to raise the price of a security it’d be unlawful,” said Byrne. “When two million people do it, some of the activity is bona fide, but a lot of it is not. I get that the Reddit factor makes it cute but the law is being broken.”

The impact of Robinhood’s decision to restrict trading has already affected these targeted stocks. GameStop stock fell 70% từ mức cao của $469.42 yesterday to $141 sáng sớm hôm nay, while AMC dropped roughly 62% in the same timeframe. “Let the people trade” may no longer be representative of the platform after all.

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Nguồn: Cointelegraph

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