The robinhood execs that made the call to halt trading should be in jail.
What about APEX clearing which enforced this rule with all of their customers?
Looks like it was briefly blocked on TW, though.
> Apex Clearing, who acts as the custodian of all tastyworks accounts, has informed us that the following symbols (AMC, GME, & KOSS) will be set to closing only order status immediately. You will only be able to submit orders to close out any open positions that you have in these symbols.
> New opening orders will not be accepted at this time. We will update our clients should the clearing firm lift the Closing Only status in the near future.
I was able to trade GME options in IBKR today without any restrictions.
This is the main problem with Robinhood, it’s designed to attract a core audience of clueless children.
You are lucky the NYSE hasn’t shut down BME trading for all of February. Yet.
Actually I would have loved to see Robinhood do nothing do when GME inevitably crashes back down below $10 it’s forced into bankruptcy holding the bag on so many non paying accounts.
You can be charged for securities fraud just by tweeting baloney if you are important enough. Ask Mr Musk. This is 100X worst. So no, you dont need actual transactions to be charged with fraud.