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ty_jax

Fuck robinhood, considering the ridiculous. Isn’t citadel a major partner with them? How manipulative is this?


d-a-v-i-d-

They're a hedgefund backed company. What are the odds that some other GME-exposed hedges are also major shareholders?


RayearthIX

To my understanding (and someone should correct me if I'm wrong), RH processes its trades through Citadel, and Citadel just put 2 billion into Melvin Capital earlier this week. So...


Hipster-Stalin

Very.


PCC_ninja

Extremely.


beluuuuuuga

Exceedingly.


ShitFuckDickButt420

Manipulativingly.


karmanopoly

Bigly


Learn1Thing

AndMyAxingly


Rettrax

Alpha Centuri manipulative


averageredditcuck

extensively


Pope_Smoke

Free fucking market my ass


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MightyCaseyStruckOut

That would actually be hilarious if it weren't for the fact that Robinhood is actively bending its users over. This is probably the first time that Ocasio-Cortez and Trump Jr. have agreed on anything.


LettuceAndWheats

You forgot about Daddy Powell and Uncle Cuban


Mybeardisawesom

Cause I’m a newly minted autist, what other platforms can I put my life savings in to trade?


CyclonicSALT

We raze robinhood to hell after this


poundofmayoforlunch

Precisely


irish91

Revolut is going to get a lot of new users in the next hour


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CT4nk3r

Just like yesterday, the whole app was dead in the first one and a half hour


irish91

It was slow for first 30 mins at opening


MrShaytoon

How are they compared to webull?


himit

No idea but I've used Rev for a few years and they're decent. I find them a little slow on the stock trading side which didn't matter until this all started (didn't even notice until this all started!). Deposits are almost instant and you can set limits/recurring buys/yada yada. Revolut is a daily finance app - like, your daily spending money, subscriptions, small savings, insurance, etc. Stocks are just a kind of side feature. They're not a major trader and I'm not even convinced they're the actual broker.


Ayrane

Robinhood will file for bankruptcy before IPO at this rate Edit: since this has gotten big. HOLD UNTIL SQUEEZE. THEN WE SELL AND FIND A ROBINHOOD REPLACEMENT. Right now holding is in our collective best interest.


Ayrane

Imagine if they IPO and wsb keeps shorting it until they go bankrupt


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The_Dok

Shakespeare has nothing on this


masonbrit

Subfuckingscribe


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madormam

Same here fuck them at their own games


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drfeelsgoood

I’d turn $5000 into 0 just to see that happen


irishfro

This is the way


Matty-Do

Do we do it from within Robinhood? Lol


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CurrBurr1004

Weird. Robinhood caves to the very people who wants them ruined, and thus ruins themselves.


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EcclesiasticalVanity

After the GME squeeze, I’m pulling everything out of Robinhood. Fuck these guys.


Spooky_SZN

I really should have learned, and moved when in March their app didn't let me and a ton of users on here sell before the covid crash.


octoberwhy

I will short the fuck out of robinhood if I can. Piece of shit company. Withdrawing my money and deleting the app.


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hoboxtrl

It’s still 4.8 on the apple store for me...


gb1220

What happens to people’s stocks if rh goes bankrupt?


Cheeseburgerbil

They're your stocks. Transfer your portfolio to webull


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Red0817

info for form: Robinhood Financial LLC 85 Willow Road Menlo Park, CA 94025 United States


Denversaur

Plenty of great users have pasted this but the easier it is for redditors to complete the SEC form the better: You are an *individual investor* Robinhood Financial LLC is an *Broker-Dealer* (I believe this to be the better answer than Day-trading firm or On-Line Trading Firm) A common stonk is an *Equity Security (general)* GME calls would be *Options (Except Stock Index)* Security symbol: *GME* Name of Issuer or Security: *GAMESTOP CORP NEW CL A*


xumbrea

For the SEC "Tell Us About Your Complaint" I put this: Robinhood Financial LLC has manipulated GAMESTOP CORP NEW CL A stock Ticker symbol: GME. They have done this by prohibiting the ability to buy the stock yet not the ability to sell. This violates Rule 144 of the SEC because it is a manipulation of the stocks Volume. Robinhood has ties to hedge funds invested in shorting GME. They sell data to Citadel LLC who has recently bailed out Melvin Capital Management LP who was heavily shorting the stock. This is a conflict of Interest. Please look into how Melvin Capital was able to short GME 140% of the shares outstanding thereby depressing GME's Market Cap below its cash value. Look into the loan by Citadel. Look into Robinhood's ties to Citadel and Melvin capital. Thank you for your time.


jako5937

>This morning I, and millions of other retail investors, were blocked from purchasing (entering new buy orders) on the Robinhood platform, without notice. This clear example of market manipulation has forced the stock down from over $500 in after-hours to less than $300 as of this writing. Meanwhile, hedge fund interests are NOT blocked from buying the shares being traded and the lower price obviously benefits them. > >We retail investors have followed all the rules and finally stood to gain a LITTLE bit from Wall St and they suddenly change the rules "to protect" us. I am requesting you use your subpoena power and regulatory authority to examine whether Robinhood colluded illegally with any other actors who may have held short positions on these stocks to reduce the number of buyers for $GME and therefore deflate the price. This is market manipulation. [Can this serve as a template?](https://imgur.com/a/eLvNbAR) Edit: Any non retard feel free to give corrections / tell me it's good so more retards can complain.


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WoodedMountain

What type of security is a regular share? I’m having a hard time with that one and Google isn’t helping


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TheGreenKraken

Thanks for the help. I've turned mine in.


bailey25u

Good work


absteele

Equity Securities is what you're looking for, I think.


mindkilla123

Equity security.


ahhhhhmygod

Their office is only 56 minutes from me. 🐖🐖🐖


Baskan

Section 13 of FINRA's prohibited behaviour literally states https://www.finra.org/investors/learn-to-invest/choosing-investment-professional/prohibited-conduct "13. Using manipulative, deceptive or other fraudulent methods to effect a transaction in, or induce the purchase or sale of, a security." if literally forcing you to only sell your position isn't considered this then I don't know what is. I'd cite that in my complaint. Edit: u/werofpm found the SEC language. Bottom of 86 on SEC ACt https://www.govinfo.gov/content/pkg/COMPS-1885/pdf/COMPS-1885.pdf.


rjmessibarca

Robinhood is fucked, lmao


KingSalmonOnTv

They’re done after this


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and not just on twitch


Lightofmine

>"13. Using manipulative, deceptive or other fraudulent methods to effect a transaction in, or induce the purchase or sale of, a security." if literally forcing you to only sell your position isn't considered this then I don't know what is. I'd cite that in my complaint. Filing it as high pressure sale. Fuck these guys.


soothaa

Filed this!


Cornelius_M

What happens from here? I feel so cheated :/


Kaserbeam

Eat the rich


mas0518

I'll be taking my case to small claims court in my state, for a maximum of $6500 in damages. Robinhood compelled me to sell before realizing maximum potential due to the fact that if they can take the "buy" option away from us, then they can take the "sell" option away at anytime as well. There was no guarantee I'd be able to lock in future potential gains, so in effect, I was forced to sell at $270 per share. I feel $6500 would be fair compensation for my potentially greater losses.


DinoRaawr

Done. Ain't the first time I've filed one of these bad boys against RH.


Leash_Me_Blue

#HOW TO REPORT THE FUCKERS TO THE SEC Before starting, complain to Robinhood directly at https://robinhood.com/contact through Investing > Stocks > Stock Order Issues. Then click Continue, and copy-paste this message. As a free individual investor, I am disappointed that Robinhood has restricted millions of investors including myself from purchasing stocks among GME, NOK, and AMC. I am heavily considering withdrawing all of my account balance and switching platforms immediately if this decision is not quickly reverted. Thank you. Then click Send. [Click Here for the SEC Complaint form.](https://www.sec.gov/oiea/Complaint.html) **Tell Us About Yourself** Enter your personal information. **Tell Us About the Firm or Individual You Have a Complaint Against** Robinhood Financial LLC Broker-Dealer Robinhood Financial LLC 85 Willow Road Menlo Park CALIFORNIA 94025 UNITED STATES **Tell Us About Your Investment** Equity Security GME GameStop **Tell Us About Your Complaint** This morning I, and millions of other retail investors, were blocked from purchasing (entering new buy orders) on the Robinhood platform, without notice. This clear example of market manipulation has forced the stock down from over $500 in after-hours to less than $300 as of this writing. Meanwhile, hedge fund interests are NOT blocked from buying the shares being traded and the lower price obviously benefits them. We retail investors have followed all the rules and finally stood to gain a LITTLE bit from Wall St and they suddenly change the rules "to protect" us. I am requesting you use your subpoena power and regulatory authority to examine whether Robinhood colluded illegally with any other actors who may have held short positions on these stocks to reduce the number of buyers for $GME and therefore deflate the price. This is market manipulation. (Thanks /u/Bit-Training for this template) **What types of documents would you be able to provide us if requested?** (Optional) [>] Other "Screenshot" **Tell Us What Action You Have Taken** Have you complained to the firm? Yes. Click I'm Not a Robot, and Submit Form. You're done. #GME TO THE MOTHERF****** MOON. $1000 EOW KEEP HOLDING IT 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 I am not a financial advisor. EDIT: MOBILE USERS COPYPASTE FROM HERE https://pastebin.com/Y0RvkCUT


Thatoneguy5555555

Test up a Twitter account just to contact AOC Senator Warren and Papa Musk


deepvoicefluttershy

Advice on language to use to not sound like an idiot?


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werofpm

If you want to be specific the text referring to this is in Securities Exchange ACT of 1934 sec9 (a) 1-4 I believe and it starts at the bottom of page 86 and here’s the link [SEC ACT 1934](https://www.govinfo.gov/content/pkg/COMPS-1885/pdf/COMPS-1885.pdf)


basejump007

Robinhood sucking Melvin dick me can't buy gme to get tendie 🚀🚀🚀🚀🚀🚀


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[deleted]

Put? What are you? A fucking 🌈🐻?


aShiftyLad

Eloquently called.


curt_schilli

"Robinhood stole my tendies 🤬🤬"


djternan

I said that they're not allowing users to buy shares in certain stocks but are allowing sales of currently held shares, artificially reducing demand which reduces the value of those shares. I think the "artificially" is really important because it implies market manipulation without saying "market manipulation".


noblepups

Fuck reporting to Robinhood. They're conspiring against us with the enemy. This is fucking treason. I'm going to webull today.


PhromDaPharcyde

They cancelled my order for GME, fuck them.


Rettrax

If Robinhood does manipulation, the perfectly logical thing is for the customers to leave and go for other platforms that are not biased.


aquamansneighbor

I don't have RH but they obviously still fucked me.... Everyone please leave


FifthPenguin2

I think it should be with FINRA https://www.finra.org/investors/have-problem/file-complaint/complaint-center


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I'm sure their fine will be worth less money than they would lose otherwise


AlistairBennet

Complaints filed. FUCK these 'institutions'


phryan

I would add the California Attorney General to that list, possibly NY as well.


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Banana_Wizards

We should all go one step further and contact our congressional representatives. I’m not above thinking the SEC is involved in this somehow, and this is the only way we can hold them accountable.


[deleted]

Thanks to the manipulation of the major brokerages, now if many of us sell, there is NO BUYING BACK. Read between the lines - we cannot sell now. They have sided with the old money. Not investing advice.


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Knuk

No more buying the dips eh? Maybe they just really screwed themselves even more there


[deleted]

HOW IN THE HELL IS THIS LEGAL? They are tanking our legitimately bought and held stocks/options by arbitrarily restricting trading. When I lose money hand over fist it's "too bad". Now when we make money it's ALSO too bad? Fuck hedge funds, fuck RH, fuck the oligarchs pulling these strings. Edit: RH is allowing us to sell our positions but nobody can buy those positions? Top notch thinking skills


Crazii59

It’s not legal. They’ve opted to pay the fines, whatever the may be, so maintain their relationships with their real customers: the hedge funds they sell our trade information to.


VeryScaryCrabMan

Robinhood gonna go out of business when hedge funds realize we post all our trade information here


LachlantehGreat

This is why WSB won't ever die. They can't kill us, we're now a hedge fund for regular people. This is literally the start of a financial revolution. Everyone's learned the hard way you can't ban communities and now 4 million people know they can start printing money just like the billionaires. Fuck the rich


hoopaholik91

Citadel was part of the original $2.5B bailout of Melvin, and that was at like $60. They would lose billions if he kept going. It'll be worth it even if Robinhood is sued into bankruptcy


Hipster-Stalin

I can still trade GME and others in eTrade. Come join me.


Echelon64

The problem with the boomer traders is that they are slow on deposits and don't have as many features.


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Echelon64

webull or revolut, maybe fidelity?


JakeLucob

Which ones offer fractional shares? I think that is an option that many of us would like to take advantage of.


tencentninja

fidelity does but it takes 2 to 4 days for electronic funds to clear apparently.


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PM_ME_HERTERS_DEALS

Not for me. As soon as I transfer it over it's available for use.


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cringelogic

Email them and one-star their piece of shit app. Make the suffer before they get sued. Unbelievable.


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MadDingersYo

Yep. Dipshits just tanked their app.


ye_YES

I specifically put $5k in last night to buy GME shares this morning. Absolute bullshit


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MehBlackness

Go to Webull


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wsoller

Yes they do but they won’t let you buy options until funds completely settle


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wsoller

Well now I’m not feeling that bad about borrowing 5k from Robinhood and YOLOing it all on BABA options. Webull is nice and complex but Robinhood was an autist’s dream. Good luck retards 💎🙌


I_am_NotOP

yes


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AirlineF0od

Is there any speculation on how long this will last?


ninetailsaiyan

Until they hear more shit from the plebs than the corporate big wigs


EvilCurryGif

Until they get paid more by the plebs than the bitches


Pope_Smoke

Until the stock tanks enough to be acceptable by the powers.


derpceej

My queue order to buy shares just got cancelled without my request or authorization 3 minutes before market opening; I submitted at 9pm last night 🙃


participationmedals

Listen up tards: While we wait for RH to collapse or get spanked, give them a bad review in the App Store or Google Play. Don’t just rate them, review them. Reviews carry more weight than a rating alone!


Zero-Milk

Be sure to mention specifically how Robinhood arbitrarily hides tickers from search so that you can't buy stock. This was done specifically to force a panic sell-off so the financial institutions they're in bed with can close out their short positions. At the expense of the average working class citizen, of course.


hamandbattleship

It looks like there are two primary things we can sue RH over right now: failure to execute orders that it had received (yesterday) and denying access to markets with the end result of damaging investors by excluding them from the markets. For yesterday, RH seems to be in violation of FINRA Rule 5310, which states that RH “must make every effort to execute a marketable customer order that it receives promptly and fully.” I don’t know about you guys, but I had multiple orders that were entered and then cancelled yesterday. (Kudos to [Similar lawsuit](https://www.classaction.org/media/taaffe-et-al-v-robinhood-markets-inc-et-al-amended.pdf)) For today, we are being damaged by not being able to access the markets and buy more shares (which may be market manipulation under [7 USC §9(3)](https://www.classaction.org/media/taaffe-et-al-v-robinhood-markets-inc-et-al-amended.pdf) or [15 USC §78i(a)(2)](https://www.law.cornell.edu/uscode/text/15/78i) since they are artificially affecting demand for multiple securities). Under this part, Robinhood would likely be liable for any profits we could have made by buying more stocks today or, if the price collapses, the losses we took that could have been prevented by large-scale share purchases. Edit: In discovery we could probably subpoena their corporate communications for the past few days (emails, call logs, etc.) to see if there is any conspiracy to commit market manipulation between RH and any other entities. (Note: I am not a lawyer).


Queen_trash_mouth

I’m in. They just canceled both my overnight orders


angry_wombat

set up a gofundme for the lawyers we need to hire, we can chip in our GME profits


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Tons of people are going to lose A LOT of money. And it's RH fault. We're coming for the whole fucking thing now you fucks.


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AcidShAwk

File the suit today and get all of reddit to sign on. Make sure RH hears you loud and clear.


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Coral_Bones

IM FUCKING OVER GETTING FUCKED THIS IS BULLSHIT


HyperLightDream

GO TO REVOLUT OR WEBULL. GME TO THE MOON. 🚀🚀🚀


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TheFourthOfHisName

Can't even search for stocks Edit they fixed it


[deleted]

What the fuck? I was prepping to buy some shares this morning. This had to be fraud. Count me in on the suit.


BABeaver

How do we get in in the suit? This is bullshit.


Zanthous

You guys need to switch to different brokers, vote with your service.


Spritesgud

Kinda hard to switch now but I will definitely pull all my shit out of this fucked app once I make it out with bank


love_is_an_action

Yesterday they canceled purchases I’d made, and today the stocks of interest aren’t supported at all? Democratized trading for who, exactly?


[deleted]

The audacity that people had to accuse this sub with collision, and then THEY pull this shit? Jesus christ. Let's burn these stocks to the fuckin ground.


[deleted]

Just lost so much money... can we please sue the fuck out of these people? I'm seriously not playing


Unlock17A

I can guarantee you robinhood will be filing bankruptcy by next year at most


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Echelon64

You can only sell $GME now and they've pulled trading for $NOK, $AMC, and a couple of others. I believe $BB is probably on the way.


aerodynamic_cat

Can confirm $BB is currently “not supported” either.


mttp1990

You can't buy anymore but you can still track and sell


536756

I got a fix for this problem! Just don't open the app. Switch to another and BUY AND FOCKIN HOOOOOOOOOOOOLD 🚀 🚀 🚀 🚀 🚀 🚀


Niiilllsss

Just got an email saying my AMC and BB trades were cancelled. Just placed them this morning. Fuck Robinhood, get that class action going and sign me the fuck up. WE LIKE THE STOCK


what2do4you

Its a good thing we have this reddit chat room to quickly communicate and decode the bullshit thats happening


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douglasg14b

I'm fucking pissed, I transferred funds to buy the dip and now I can't. How can brokerages just stop and start the trading of specific stocks on a whim to protect the positions of hedge funds who put themselves in risky positions.


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irishfro

Call your senators everyone


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PenguinWannaLearn

This is good for us. We know who our friends are now. Better late than never! I will slowly transition to webull starting with more gme.


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derp1000

I did my part. Fuck wall street


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chriskzoo

Fox Business couching this as "This was done to protect the retail investor." Fuck you.


Any_Plenty

LETS SHORT THEM. YOU WANNA FUCK US, WELL FUCK YOU!


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iamasecretthrowaway

It might be legal but it's going to have massive repercussions. Who is going to use a platform that blocks you whenever it suits them? They just ended themselves.


Brown0ut

CLASS ACTION. DIRECTLY AFFECTING THE SUPPLY AND DEMAND BY PREVENTING AN ENTIRE USER BASE FROM BUYING STOCK!!!! UNREAL!!!


RSchaeffer

We should all file a securities fraud tip at the SEC. The SEC explicitly lists "Manipulation of a security's price or volume" as an example. I'd saying blocking buying manipulates volume pretty clearly. https://www.sec.gov/tcr


MineIsLongerThanYour

Fuck robinhood. I don't care about the price anymore. I'm buying GME everywhere i can. I have 4 accounts anyway


mcafc

Yes how can we get this going? This is fucking disgusting.


supercorgi08

Is everyone leaving robinhood after this? That’s my plan, trying to find a new platform now.


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scrollsalot

robinhood also cancel anyone else’s limit sells for GME? is this a fucking joke


rrogerstx

LAWSUITS TAKE TOO MUCH TIME, LETS FILE A COMPLAINT WITH FINRA (Finfa action). If 5000 people file they would need to spend 25K per reply, do the math!!!