Suing Robinhood – Again

2021/02/01
 
この記事を書いている人 - WRITER -
Avatar

0

Lets talk about Robinhood, the POTENTIAL reasons why they disabled trading for GameStop, and what this means for you as a stock market investor – Enjoy! Add me on Instagram: GPStephan – NOTE: ALL OF THIS IS NOT FACT AND IS ONLY SPECULATION. FOR ENTERTAINMENT PURPOSES ONLY. DO NOT LISTEN TO ME.

LIMITED TIME: Get 4 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1600): https://act.webull.com/k/Vowbik9Tm5he/main

JOIN THE WEEKLY MENTORSHIP – https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/

THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw

The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF

My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB

First, trading of meme stocks have been HALTED MULTIPLES TIMES due to EXTREME volatility:

This happens when a stock increases in value SO MUCH that it completely detaches from its fundamentals…so, the New York Stock Exchange reserves the right to TEMPORARILY suspend trading to give its investors a time to “cool off.”

Now, I’ve been saying this for quite some time – but, this is going to be EXTREMELY difficult to regulate, because it becomes IMPOSSIBLE to figure out where to draw the line, and at which point someone becomes liable for what they say online.

Second, I realize THIS is what everyone wants me to talk about: Robinhood, and the ALLEGED wrongdoings of GameStop.

On the morning of Thursday, January 28th – Robinhood, along with several other brokerages, disabled their users from being able to BUY certain stocks, like AMC, GameStop, BlackBerry, Nokia, and a few others – ONLY allowing them to SELL their positions, thereby inadvertently causing the price of those stocks to drop SUBSTANTIALLY.

That completely ELIMINATES the “natural price discovery” of the stock market, where people can FREELY BUY AND SELL a stock for whatever they think it’s worth.

That’s why, NOW, there’s a push for a class action lawsuit AGAINST Robinhood, claiming that Robinhood has been pulling stocks from its platform in order to slow growth, and help benefit Robinhood’s large institutional investors and partners…not its customers, to who it should owe a fiduciary duty to.

https://www.courtlistener.com/recap/gov.uscourts.nysd.553175/gov.uscourts.nysd.553175.1.0.pdf

Robinhood DID respond to this after the market closed, saying that this was done as a financial requirement to meet SEC net capital obligations and clearinghouse deposits. AND…they ended it by saying “To be clear, this decision was not made on the direction of any market maker we route to or other market participants.”

Now, to be fair to Robinhood – this DID happen to other platforms, as well, who happen to use APEX Clearing to process their trades, and several brokerages, including TD Ameritrade and Charles Schwab, placed heavy restrictions on the stock by increasing their margin requirements “until further notice.”

I’m trying to be as neutral as possible when it comes to this, because I don’t think it’s fair to just point your finger at Robinhood, when there’s a LOT more to the situation than most of us realize…but, it’s certainly going to require more research to get to the bottom of exactly what’s going on.

But…the way I see it, this event will ALMOST CERTAINLY cause there to be further regulation to prevent something like this from happening again.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

この記事を書いている人 - WRITER -
Avatar

Comment

  1. Avatar John Pearson says:

    Romans 3:23 states: “For all have sinned, and come short of the glory of God;”. We are all sinners, that have committed at least one sin in our lives, which earns us an eternal punishment in Hell. Revelation states 21:8 “But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.”. God sent his Son, Jesus, to Earth as a perfect sinless sacrifice. To take on all the sins of the world; both past, present, and future sins. Shedding his blood on the cross as a blood atonement for all sins. After dying on the cross, he rose from the dead on the 3rd day and rose to Heaven. To show life after death. To show everlasting life through Jesus’s sacrifice. John 14:6 states: “Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.”. Romans 10:13 states “For whosoever shall call upon the name of the Lord shall be saved.”.

    Eternal life in heaven is just one prayer away. All you have to do is believe that Jesus Christ, the Son of God, died on the cross for your sins. As an atonement for your sins. And rose from the grave on the 3rd day. Ask Jesus to save you of your sins and give you eternal life in Heaven. Salvation is a free and everlasting gift from God. Please don’t let pride drag you into eternal punishment in Hell, but ask Jesus to give you eternal life in Heaven. If you’re getting a strong feeling of resistance while reading this, it’s because Satan doesn’t want you to get saved. He wants you to resist, and think it’s not real. He wants you in Hell for all eternity with him. Hell is not a fun place, like worldly people like to imagine. It’s everlasting torture with no relief. I’m only taking the time to text this, because I want to get the message out. There are so many distractions in life keeping people from witnessing to other people. Keeping people from thinking about salvation. Keeping everyone from thinking about life after death. Please, ask Jesus into your hearts to save you of your sins and cleanse you from all unrighteous. Ask him for a place in Heaven, and he will save you from eternal damnation in Hell.

  2. Avatar Sivananda Reddy says:

    Easy it

  3. Avatar Akash Op says:

    Nice op

  4. Avatar Christl-Violett Bickham says:

    This is why I love your channel, so clear and to the point and not an opinion piece!

  5. Avatar Abhishek Kumar says:

    Good

  6. Avatar 315 Madhan Kumar. J says:

    Super 🤩🤩🤩

  7. Avatar Nate Sand says:

    Hold amc!! Buy doge!!

  8. Avatar Rajesh M says:

    "Awesome video",

  9. Avatar OmniStrata says:

    Crush the big guy and punish their mistakes. FUQ bailouts. Government never saves the citizens with taxpayer dollars. Let the free market devour the greedy weaklings like it supposed to!!!!

  10. Avatar Piano Hooks says:

    Amazing explanation

  11. Avatar Shallow Sportsmen says:

    Click bait title

  12. Avatar Tadkod says:

    DOGE TO THE MOOOOOOOOOOOOOON

  13. Avatar scott Seo says:

    Your video has too many ads…it takes away from your presentation. Easy of ads…

  14. Avatar Tayyeb Shabbir says:

    Hey man can you help me, ive had some doge coin i was holding disappear from my binance account without me doing anything?

    • Avatar Tayyeb Shabbir says:

      Bruh u tryna scam me I ain’t 55, you ain’t gotta check mark next to your name?

    • Avatar Graham Stephan says:

      @Tayyeb Shabbir
      Thanks for the embarrassment

  15. Avatar Srikanth Gorantala says:

    Thank you for the video👍

  16. Avatar Death Shock says:

    robin hood is now a leper

  17. Avatar Jodi Moore says:

    Thanks for explaining this!

  18. Avatar Nani rebel says:

    Ok nice information bro

  19. Avatar Brian Phillips says:

    Another awesome explanation from a guy who actually has a freaking clue! Thanks Graham!

  20. Avatar Savio Thiek says:

    👍👍

  21. Avatar Brandon Stuckey says:

    It’s like a supermarket claiming they’re having transaction system problems so they choose to only stop selling vegetables.

  22. Avatar jacob massengale says:

    Its always been detatched from the fundamentals!!!

  23. Avatar B1gSt3AK says:

    90+ percent of people in these pump and dumps are going to lose their ass on these stocks

  24. Avatar Noob player says:

    Nice

  25. Avatar Saikat Mondal says:

    Nice

  26. Avatar amadol0co says:

    Sure commented.

  27. Avatar eric rose says:

    I will be interested to know what percent of customers robinhood looses this week….

  28. Avatar Madhan John says:

    Good

  29. Avatar AUS-Reviews says:

    They basically want us to not make any money

  30. Avatar RickReviews says:

    Lots of Love Grahammy!!! Say hi to dad…. we obsess with him… can you blame us?!

  31. Avatar TheWizard says:

    They are mad because they didn’t do the manipulation like they normally do.

  32. Avatar Ting An says:

    Everyone, please read this: There are some key details that are left out. I was on Robinhood, Reddit, and Google 24/7 this past week. This is what I observed this past week. On Wednesday afternoon, TD Ameritrade and Charles Schwab restricted tradings on GME, AMC, and a bunch of other stocks. But Robinhood waited until Thursday morning right before the market opened to let its customers know that today, “You can only sell your positions and not purchase any additional stocks.” They had the whole Wednesday to make that announcement, but they didn’t. Many Redditers reported Robinhood auto sold on their GME and AMC option calls that expires on 1/29 (Friday). WHAT!?!? Its not because these options were running into margin requirement issues. These options were executed at the lowest price when GME dropped to $120 dollars on Thursday. Personally, I tried to sell my AMC and Express shares 20+ times on Wednesday and Thursday, but I was not able to. I was only able to sell these stocks when those stocks dropped a lot, so I sold these stocks at a small loss. A lot of Redditers reported the same thing. The app works whenever it wants. On Thursday evening, Robinhood announced they will allow limited training on GME stocks on Friday. You can buy up to 5 shares of GME. Guess what, they lied again. During Friday, they changed that number to 1 share of GME.

    You see, majority of Wallstreetbets traders use Robinhood. Robinhood has about 13 million users. By restricting buying GME stock to 1 share, that means the maximum shares that can be brought by Robinhood customers is 13 million shares of GME. So effectively on Thursday and Friday, Robinhood forcefully reduced the supply of GME buys. A very smart move. GME was trading above $500 premarket on Thursday. Once Robinhood made the announcement, GME stock price continued to drop. On Thursday and Friday, the short seller hedge funds unloaded a lot of their shorting positions at a lower price. I am sure liquidity and deposit requirement are issues for Robinhood, but its much more than just that. Just remember guys, we are not Robinhood’s paying customer. It’s Citadel and companies like Citadel. A piece of advice: Never underestimate how greedy and convoluted the big guys are. Money and power corrupt people’s souls. Hedge Funds are very very smart. They are not innocent people. If you think that they are innocent people and that they won’t do stuff behind the curtains to screw us over, you will get screwed over a big time. This is not a conspiracy theory. Its about understanding how human nature works. People don’t make billion dollars by just doing the right thing. Do your own research, trust your own instinct. Just think, if you are Citadal, you are Robinhood, you are Melvin, Citron, what would you do in their position?

    Don’t trust Robinhood. You let them screw over you twice (Thursday & Friday), I guarantee you that they will screw over you again when the right opportunity comes.

    • Avatar A Boogee says:

      This was great. Thank you

  33. Avatar R od says:

    Common Graham, was it so hard not to advertise Weebull once? It’s kinda sensitive since they also stopped the trading

  34. Avatar A Boogee says:

    I still think this whooole thing is manufactured to cause the end of Wall Street (aka the economy) to cause disfunction and unreliability that will cause the ushering in of a new system.

  35. Avatar Jason Le says:

    Then why they stop trades for amc, bb, nokia , named and other stocks?

  36. Avatar Isaacmcdan84 says:

    Can we all band together and just steal everything from these greedy bastards

  37. Avatar Corey Redwine says:

    Like for doge

  38. Avatar status world 07 says:

    Nice

  39. Avatar J says:

    theyve boned us THREE TIMES

  40. Avatar King_of_The_North says:

    Shorting goes against what investing is meant to be and in most cases it is the private investor who loses. They should just stop shorting. But they won’t because they’re all bought.

  41. Avatar Shan Khan says:

    I only listen to ja rule for financial advice

  42. Avatar D'Ascoyne says:

    The only problem with Robinhood’s excuse is that they could have covered themselves by increasing their margins. That’s how it works. There is no other reason to block purchases unless it was to put downward force on the value of GME. Robinhood is actually the Sheriff of Nottingham.

  43. Avatar Kido Wan says:

    Good Analysis.
    I see a social rebellion of sorts. A new way the public can really vote. With THEIR SHARES. I’ve purchased a bunch of this and that and sure I would like to make a buck (more responsibly), but I’ve also encouraged others to simply buy a single share, a few dollars, of a stock…and HOLD. Call it a protest stock. Just buy one share (AMC, GME, others) and HOLD! D D Peace…

  44. Avatar Hoop La says:

    HOLD THE LINE….and watch them bind! It’s a beautiful thing to see criminals with $5,000 suits and trophy wives losing their minds!

  45. Avatar M H says:

    When it comes to the Hedge Funds…As a famous DJ once said…

    *Congratulations, ya played yourself*

  46. Avatar Thomas Moran says:

    Strong buy on GME

  47. Avatar The Roaming Lions says:

    I’m trying to be unbiased. And I believed your reasoning for trades taking time for money to transfer. 1-2 days. But it’s been 5 days? And you can still only buy 1 share a day. This seems rigged.

  48. Avatar Justin Madonna says:

    You people are wrong. You holders will get hurt so bad.please think about what you doing you won’t hurt hedge funds you can’t your not even really moving the price other hedge funds are. Think about your life if your in deeper than you can afford to be and get out especially if your up. Wall Street is laughing at you that’s all your doing to them is making them laugh. They have more money than all of you combined and they are not in enough to lose more than 10% that’s how hedge funds work. People will be going to the rope when this thing fails please don’t be one of them. Memes burn bright and die fast

  49. Avatar TinyEarth Creations says:

    Thank you for explaining this so clearly. The issue is a lot deeper than blaming Robinhood. Many brokerages were required to halt the buying of GameStop. Securities laws require clearinghouses to have a certain amount in reserves. Clearinghouses were required to have higher reserve thresholds as a result of the 2008 market crash. When the stock is very volatile, the reserves requirement is much higher. In this case, clearinghouses were required to have 100% in reserves, which was nearly impossible given the volume and speed of GameStop trades.

  50. Avatar prang11 says:

    Shameless webill plug

  51. Avatar Naveen Gakhar says:

    Thoughts on HMBradley ?

  52. Avatar Chandana Bhumireddy says:

    Ohhh

  53. Avatar Samsung Galaxy max says:

    Good

  54. Avatar Manoj Hegde says:

    Omg🙄😬

  55. Avatar Vikas Yadav says:

    Awesome

  56. Avatar Chris Muller says:

    Good digging. Oh yeah, the rot runs deeper than Robinhood.

  57. Avatar Vilfredo Pareto says:

    I signed on to robinhood 2 days ago to get the 4 free stocks, it asked for my ID and my bank routing number, after all that, I am still not approved and waiting for moderators to approve it, is anyone else having to wait for days to get approved for a free account? is this because they don’t want new people signing on to buy into GS?

  58. Avatar the running man says:

    I hate robin hood me and my homies hate robin hood

  59. Avatar Loris Santarsiero says:

    8:19 the entire class when the teacher asks who did it:

  60. Avatar Arlin Sansome says:

    Hold on. You try to explain how you can short a stock multiple times to get past 100% short float. I have seen many people make this same claim. Lets go over the math from your example. Person A owns the stock. Person B shorts it. Person C buys the stock. Person D shorts it. IN this case you have 3 owners and 2 shorts Because person D had to sell it to person E who would have bought it. SO in this case you have 40% short float.

  61. Avatar SAIF ALI says:

    Iyo6eoo6

  62. Avatar Alexander Salazar says:

    I love your videos for a while, but this whole GME story has inspired me to pursue more stock trading.

  63. Avatar kevman0111 says:

    Market makers are robinhoods customer not us poor smooth brained apes making trades on the robinhood platform.

  64. Avatar Keenan Lambert says:

    We like the stock…. Diamond hands to the moon or get caught holding the bag

  65. Avatar Joe Eder says:

    This was robinhood’s best solution and definitely not the retail traders best solution.

  66. Avatar Alec Wansikehian says:

    RH has its own in house clearing house
    It’s obvious that they don’t have enough capital on hand to keep up with the shares being bought.
    Robinhood exposed themselves and how terrible their company is.
    I wouldn’t consider going public and selling my company to someone who knows how to run it.

    Can’t wait to transfer all my money back into fidelity.

  67. Avatar Chiterra Palmer says:

    I downloaded robin like two weeks ago. I kinda understand the app but not really! How can I maximize my potential to the app? 🙂

  68. Avatar john zee says:

    Where’s the audio?

  69. Avatar Udit raj says:

    Nice👍

  70. Avatar Logan Zylstra says:

    buy $dogecoin

  71. Avatar Sangeetha D says:

    Your video have been mre infrmatve

  72. Avatar MacauCheers 嘻嘻哈哈 says:

    buy physical silver!! no need to worry about internet connection failed!!

  73. Avatar Nilanshu Rajmane says:

    Hey great explanation! Better than any news article or reddit post. I’ve a question that if the borrowers go bankrupt then what will happen?

  74. Avatar Eric Feldman says:

    All you guys who cant differentiate Thursday from Friday let me help you. Diamond hands? Dont sell? Hold game stop? That was a great idea. Thursday! But on Thursday when they made it impossible for us to buy, and only to sell, the stock dropped. A lot. The hedge funds covered their shorts or got close to covering and sold. When you were selling. You could only sell. So. Who was buying? … that’s right. They were. After selling their shorts, they bought up the bottom of game stop, and Nokia, and all the rest. After market Thursday those stocks went UP UP UP… 60 percent. That was these hedge funds buying the bottom, because they knew redditors would be pissed, and decide to “buy game stop to the moon” when trading resumed Friday. But. You’re only enriching these guys. If you do that. Further more I guarantee you, after they sold their shorts and bought up the stock? I promise you they bought new shorts. Probably for 2023. So now they’re covered both ways and it’s nearly impossible to hurt them.

  75. Avatar Beach&BoardFan says:

    How do you find the short percentage of a stock, most recent data I can find is from jan 15th.

  76. Avatar Craig T says:

    BLA BLA BLA…all i know is the little guy stuck it to these wall street A-HOLES and now they’re crying like little bitches…they got served with their own medicine…GOOD!

  77. Avatar Migas de Souza says:

    You ask people to share your video because “this is valuable info that can help others” and then you say “im not a lawyer, everything i say s trash”. good video bro…
    I am enjoying the video, you look cool, but have some dignity, its always good

  78. Avatar Naved Shaikh says:

    Nice

  79. Avatar Yo Burns says:

    AMC PRICE TO $120 NEVER SELLING. 👐💎

  80. Avatar Yogiman Ash says:

    Dirty billionaires been pillaging since forever. Fkem

  81. Avatar siju raju says:

    Long story

  82. Avatar Michael Ruiz says:

    Can you talk about a UGMA/UTMA account? My mom opened my account up and I would like to know some do/do nots, and some tips please. Thanks so much Graham!!

  83. Avatar Bk l says:

    You sound like you work for the big hedge funds you are clearly biased

  84. Avatar Epidemi says:

    Thank u very much for your explanation. Seems there is still some room for inovation for this market.

  85. Avatar MinecraftLord 69 says:

    can you make a video about upcoming china’s digital yuan cryptocoin?

  86. Avatar Daffy Fox says:

    You forgot to mention that Robinhood is force selling people’s stocks as well. Kinda hard to justify that if you ask me.

  87. Avatar Mr Boxont says:

    05:27 Ofcourse we like the stock and we have diamond hands. Duh

  88. Avatar cool thought says:

    halting trading of a company share should come from a regulatory body and in a fair manner, not from a trading platform and only allow sided selling. WeBull, Robinhood, TDM are some of the platform that halt the buying from their platform

  89. Avatar George Osprey says:

    Why isn’t anyone talking about silver?
    It should be the mother of all squeezes.

  90. Avatar Belltown Daisy says:

    On Robinhood as I’m watching this and they just sent an email about another list if restricted stocks. It’s shorter than the last, though.

  91. Avatar Ronnie Moore says:

    Sounds like that movie Jack Ryan

  92. Avatar Aryaveer singh says:

    Great video

  93. Avatar Akash Pawar says:

    Nice

  94. Avatar Shanon Hudson says:

    SPCE SPCE

  95. Avatar Belltown Daisy says:

    Robinhood is dishonest. On Thursday morning (1/28), around 7 am PST I placed a market order to sell almost 80,000 DOGE. That was when it was 0.02ish. I immediately canceled to change to a limit order for the exact same amount of shares. I’m talking seconds. It said “order canceled” on the bottom of the screen but “pending” on the top where it says order status. I placed a limit order and the market order still showed canceled and pending. And still had the red “cancel order”.

    I tried for an hour to cancel market order and eventually both orders. Nothing. Would say canceled at the bottom of the screen but pending on top. I canceled an order for a different stock, and of course that worked flawlessly. During this hour I also tried to contact them about the order. Naturally when it listed one’s stocks, DOGE was not listed, so you couldn’t even select that. I sent a regular email through the app explaining what was going on. Recieved an email two days later saying they will email me in 3 days. Still haven’t heard back.

    Over an hour and a half after this all started I get a message from them in the app. They sold twice the amount of shares than I’d initially intended. Plus I had tried to cancel both orders and did not want to sell any shares. Oh, and before this I did not get any message, like you normally would regarding a pending order for DOGE in my messages. But I got a message about the order I canceled at the same time for a different stock.

    I am moving on to other brokerages.

  96. Avatar Collin Buckley says:

    When are you gonna grow facial hair

  97. Avatar Jannik Beike says:

    AMC

  98. Avatar shan_can_shine says:

    Is the shorting of gamestop by over 100% a potential argument FOR using and developing blockchain? So that the reselling of a shorted stock does not happen again?

  99. Avatar richard imhoff says:

    There all really have been stock club. The only difference is a Reddit stock club reaches much more people.

  100. Avatar スーパーメロン says:

    Hey Graham, would be cool if you could make a video about taking vacation “correctly” (without probably loosing customers) as an independent real estate agent 🙂

- Comments -

Your email address will not be published. Required fields are marked *

Copyright© Investing after Covid-19 , 2021 All Rights Reserved.