Every brokerage had to change the status of GME to closing only. I've had margin calls in the past. If I can't cover them, they close my position and I'm still on the hook for the money if I ever want to trade with them again. But imagine the margin call isn't $500, it's 50 BILLION. And no, Citadel cannot cover that margin ASAP. They don't have it. So yes, TD has to stop trading because if they don't, and the account can't cover, who is on the hook for 50 Billion? TD. They have to also cover themselves to stay in business. I'd rather see them stop trading so the hedge can come up with the funds, than see TD go out of business and my small account with it to to some BS platform.
if they or any other platform goes out of business as a result of allowing big hedge funds to manipulate the market via shorts they can’t cover than fuck ‘em
Yes, to stabilize the price. And you can't necessarily blame the platform, you blame the clearing house. If the clearing house, Apex, for instance, won't take buy orders, what power does the brokerage have? none. Your last statement makes it seem like you're okay with this whole idea taking peoples' money who had no part in it. That's sad and something that should have been thought about in advance, if it was a concern at all.
tdameritrade has prohibited buying GME
Not true, just bought a few shares an 1 hour ago before stock market closed.
this morning it was not even searchable
https://www.tdameritrade.com/home.page
Every brokerage had to change the status of GME to closing only. I've had margin calls in the past. If I can't cover them, they close my position and I'm still on the hook for the money if I ever want to trade with them again. But imagine the margin call isn't $500, it's 50 BILLION. And no, Citadel cannot cover that margin ASAP. They don't have it. So yes, TD has to stop trading because if they don't, and the account can't cover, who is on the hook for 50 Billion? TD. They have to also cover themselves to stay in business. I'd rather see them stop trading so the hedge can come up with the funds, than see TD go out of business and my small account with it to to some BS platform.
um yeah
but they didn’t shit down trading
they shut down BUYING
and fuck td
if they or any other platform goes out of business as a result of allowing big hedge funds to manipulate the market via shorts they can’t cover than fuck ‘em
And another note, how does making TD pay for the bad trades of Hedge funds punish the the Hedge fund? It doesn't.
the hedge fund has to dissolve for td to be holding the bag, shill
Yes, to stabilize the price. And you can't necessarily blame the platform, you blame the clearing house. If the clearing house, Apex, for instance, won't take buy orders, what power does the brokerage have? none. Your last statement makes it seem like you're okay with this whole idea taking peoples' money who had no part in it. That's sad and something that should have been thought about in advance, if it was a concern at all.
it is not ok to shut down buying to save billionaire’s asses
Weird I was able to put in a limit order on it without any restrictions. However it never filled and I canceled it.